- South Korean Ministry of Strategy and Finance is seeking comments on a draft notice
- The draft notice aims to extend the deadline for VAT exemption on specific food products
- The deadline would be extended to December 31, 2025
- The exemption applies to simple processed food products like kimchi and salted fish
- It also applies to imports of coffee and cocoa beans, excluding roasted products
- Comments on the draft notice are due by December 15.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
