- Presidential Decree No. 34615 extends reduced consumption tax rates for specified petroleum products
- The reduced rates for transportation, energy, and environmental tax are extended to Aug. 31
- Reduced rates are set at 423 South Korean won per liter for gasoline and 263 won per liter for diesel
- The decree enters into force on July 1
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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