Korea’s tax tribunal issued a decision on 22 July 2019 concluding that commissions for services that allow users to wire funds without financial authentication certificates via mobile apps are subject to VAT.
Source: Deloitte
(link will probably not work for long, as it incorrectly refers to Bahrain)
Latest Posts in "South Korea"
- U.S. Raises Tariffs to 25% on South Korean Goods After Trade Deal Stalls
- South Korea Amends Consumption Tax Act: Reduced Tax, Refunds for Certain Synthetic Nicotine Cigarettes
- South Korea Extends VAT Exemption on Coffee and Cocoa Bean Imports to End of 2027
- Korea Extends Car Consumption and Fuel Tax Cuts to Support Domestic Demand and Ease Consumer Burden
- South Korea Considers Expanding VAT Deductions for Businesses Handling Used and Scrapped Vehicles













