- The South Korean National Assembly accepted Bill No. 2212528 to amend the Corporate Tax Act, clarifying that input VAT paid by corporations is generally deductible, 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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