- South Korean National Tax Service released a VAT reporting guide on June 30
- Guide includes overview of VAT reporting and payment obligations
- Documentation requirements vary by business type: general, simplified, and small business taxpayers
- Lists major tax law amendments related to VAT
- Details on electronic payment and filing using Hometax, Sontax, or Cardrotax
- Provides FAQs on electronic invoices and VAT reporting
- Extended electronic filing hours on Hometax from July 1 to July 25 for Q1 filing deadline
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.
