- South Korean National Tax Service released a VAT reporting guide on June 30
- Guide includes overview of VAT reporting and payment obligations
- Documentation requirements are detailed by business type
- Lists major tax law amendments related to VAT
- Information on electronic payment and filing using Hometax, Sontax, or Cardrotax
- FAQs on electronic invoices and VAT reporting are provided
- Extended electronic filing hours on Hometax from July 1 to July 25
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.
