- South Korean National Assembly accepted Bill No. 2205529 for consideration
- Bill includes measure to exempt VAT on passenger transport services by premium express bus
- Bill would enter into force on date of promulgation
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.
Latest Posts in "South Korea"
- South Korea’s VAT Rules for Foreign Digital Services: Key Compliance and Registration Requirements
- Floral Decoration at Hotel Weddings Classified as Taxable Service, Not VAT-Exempt Supply of Goods
- South Korea Considers Extending VAT Deductions for Small Restaurant Owners to 2029
- South Korea Introduces Instant Tax Refunds for Cruise Tourists Starting April 2026
- South Korea Considers Extending Fuel Tax Adjustment Provision to 2029
