- South Korean Ministry of Strategy and Finance opened consultation on Draft Notice No. 2024-142
- Proposed extension of reduced consumption tax rates for specified petroleum products
- Includes a two-month extension to Aug. 31 for reduced transportation, energy, and environmental tax rates
- Reduced tax rates of 423 South Korean won per liter for gasoline and 263 won per liter for diesel
- Comments due by June 20
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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