The exemption applies to: 1) simple processed food products such as kimchi and salted fish; and 2) imports of coffee and cocoa beans, excluding roasted products.
Source: bloombergtax.com
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














