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South Korea Issues 2025 Tax Guide: Start-Up Relief, VAT Changes, and Electronic Donation Receipts

  • Streamlined tax relief and exemptions for start-ups
  • Broadened rollover taxation on capital gains
  • Reverse charge VAT on referral commissions
  • Mandatory electronic donation receipts
  • Simplified customs for overseas purchases and correction claims allowed without tax amount changes

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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