- Presidential Decree No. 34865 was published in the South Korean Official Gazette on Aug. 30
- The decree extends temporary individual consumption tax rate reductions
- The reductions are for specified gasoline products and other specified fuel products
- The temporary rate reductions are extended to Oct. 31 from Aug. 31
- The decree enters into force on Sept. 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.
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