- Presidential Decree No. 35881 amends the enforcement decree of the VAT Act in South Korea.
- The sunset date for the 75% maximum deduction on purchase tax for tax-exempt agricultural products is extended from Dec. 31, 2025, to Dec. 31, 2027.
- The decree takes effect on Nov. 28, 2025.
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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