South Korea will extend the 30 percent exemption in sales tax for car purchases for another six months and employ some of the excess tax revenue to expedite additional $10.7 billion relief for self-employed and virus-hit sectors.
Source: pulsenews.co.kr
Latest Posts in "South Korea"
- 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
- Foreign Tourists Flock to Korean Cosmetic Clinics Before VAT Refund Program Ends This Year
- South Korea Issues 2025 Tax Guide: Start-Up Relief, VAT Changes, and Electronic Donation Receipts














