- South Korean National Assembly accepted Bill No. 2205529 for consideration
- Bill includes measure to exempt VAT on passenger transport services by premium express bus
- Bill would enter into force on date of promulgation
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.
Latest Posts in "South Korea"
- South Korea Considers Extending VAT Deductions on Recycled Waste and Used Cars to 2027
- South Korean National Assembly Considers Bill to Amend Corporate Tax Act, Effective January 2026
- South Korea Extends VAT Refund for Cosmetic Surgery Tourists to 2026
- Korea Imposes 10% VAT on Free Appliances for Construction Members in Redevelopment Projects
- Individuals Selling Used Cars Must Register for Tax and Pay Business Tax
