- The South Korean National Assembly is considering a bill to amend the Special Tax Measures Act, extending the input VAT deduction on recycled waste and used car purchases for manufacturing or processing from Dec. 31, 2025, to Dec. 31, 2027. The law would take effect on Jan. 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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