- South Korea published Ordinance No. 1152 amending VAT Act enforcement regulations.
- The ordinance extends the temporary VAT exemption for imports of coffee and cocoa beans to December 31, 2027 (previously December 31, 2025).
- The ordinance takes effect on the date of publication, December 30, 2025.
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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