- South Korean National Assembly accepted Bill No. 2212306 on August 22
- Bill aims to amend the Special Tax Measures Act
- Extends sunset date for special VAT refund to December 31, 2026
- Applies to specified medical institutions providing cosmetic surgery to nonresident tourists
- Law to be effective January 1, 2026
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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