Agricultural corporations have been introduced to increase the productivity of farming via entrepreneurial farm management. There are two main subgroups of agricultural corporations. One is composed of farming association corporations and the other consists of agricultural corporation companies. Major tax incentives for agricultural corporations are as follows:
1. Exemption of corporate income tax.
2. Exemption of capital gains tax for farmland investment.
3. Reduction and exemption of dividend income tax for investors.

• 김용민(재능대학 세무회계과) | Yong Min Kim