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The government has issued a total of 20 trillion won to support the public economy that was hit by Corona19. In order to recover domestic demand, the plan included doubling card income deductions by June and cutting taxes for the difficult self-employed.

Hwagangyun reporter reports.

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First, to revive the shrinking consumer sentiment, the income deduction rate for check and credit card usage doubles from next month to June.

Credit cards increase from 15% to 30%, and the use of check cards and cash receipts increases from 30% to 60%.

From next month to June, we will reinstate 70% of individual consumption tax on passenger car purchases. It is within the limit of one million won.

It also eases the tax burden on small business owners.

For small business owners with annual sales less than 60 million won, VAT will be reduced to the level of simple taxation by the end of next year.

The government believes that this will ease the tax burden from 200,000 won to 800,000 won per individual business owner per year.

[Hongnam-gi / Deputy Prime Minister: We will strongly support the affected areas and industries by mobilizing special measures without following the precedent.]

If parents use their family care leave to care for children under 8 years of age, such as closing a day care center under Corona 19, they will support family care expenses up to 500,000 won.

Also included were the free provision of 7 million masks in Daegu and Qingdao, Gyeongsangbuk-do.

The government added that it will hurry up a supplementary budget to support the economic recovery and improve the quarantine system, to be passed by the National Assembly next month.