The value-added tax will be exempted for veterinary expenses related to a number of common diseases in pets starting from October.
The Ministry of Economy and Finance announced on Thursday that they will expand the conditions for VAT exemption on veterinary services for pets to alleviate the financial burden of medical expenses.
Source: The Korea Herald
Latest Posts in "South Korea"
- South Korea Considers Tax Exemption for Petroleum Used in Manufacturing Until End of 2028
- South Korea Proposes Expanded Tax Incentives for Cultural Content Production, Adjusts Credit Rates
- South Korea Considers Extending VAT Deductions on Recycled Waste and Used Cars to 2027
- South Korean National Assembly Considers Bill to Amend Corporate Tax Act, Effective January 2026
- South Korea Extends VAT Refund for Cosmetic Surgery Tourists to 2026
