- South Korean National Assembly considers bill to amend VAT Act
- Bill includes measures to clarify supply of goods and extend deadline for special VAT exemptions
- Bill also includes imposition of a 1 percent penalty
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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