Governments considers VAT exemption for wider range of vetinary care services as early as this year.
Under the current decree relating to animal healthcare, 10 percent VAT is charged on pet care services here.
Some veterinary care services, such as vaccinations, neutering surgery and clinical pathology, have already been VAT-free, but only certain animals are subject to the tax exemption: mobility assistance dogs, animals protected under the Livestock Products Sanitary Control Act, and sea animals protected under the Aquatic Life Disease Control Act.
Source: www.koreaherald.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














