- South Korea’s Ministry of Strategy and Finance is seeking comments on a proposed extension for reducing tax rates on petroleum products
- The consultation is on Draft Notice No. 2024-100, which suggests extending the reduction until June 30 from April 1
- The proposed tax rate on butane in oil and gas would be 176.4 South Korean won (US$0.13) per kilogram until June 30 from May 1
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.
