- South Korean Ministry of Economy and Finance opened consultation on Draft Notice No. 2025-18
- Draft notice includes measures for hydrogen production facilities, low-calorie coal, and passenger cars
- Scope of hydrogen production facilities for consumption tax refund to be established
- Flexible tax rate for low-calorie coal to be abolished
- Tax rate for passenger cars to be reduced to 3.5 percent by June 30, 2025
- Comments due by Feb. 5
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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