South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the annual reporting threshold from KRW 200m to KRW 100m (approx €74,000).
Source vatcalc
Latest Posts in "South Korea"
- South Korea Extends VAT Refund for Cosmetic Surgery Tourists to 2026
- Korea Imposes 10% VAT on Free Appliances for Construction Members in Redevelopment Projects
- Individuals Selling Used Cars Must Register for Tax and Pay Business Tax
- Korea Enhances Tourist Shopping Experience with Instant VAT Refunds at CU Stores
- Korea Ends VAT Refund for Foreign Cosmetic Surgery, Faces Medical Tourism Industry Backlash