- South Korean Ministry of Strategy and Finance announced extension of tax rate reduction for individual consumption taxes
- Temporary rate reduction for specified gasoline products extended to 20 percent from 25 percent until Aug. 31
- Temporary rate reduction for other specified fuel products extended to 30 percent from 37 percent until Aug. 31
- Temporary rate reduction of 15 percent on individual consumption tax on power generation fuels extended to Dec. 31
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.
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