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South Korea Extends Temporary Reduction of Individual Consumption Tax Rate on Butane Oil

  • South Korea has extended the temporarily reduced individual consumption tax rate on butane among oil and gas
  • The extension is for two months, from April 30 to June 30
  • The decree enters into force on May 1
  • The decision was published in Presidential Decree No. 34453 in the South Korean Official Gazette on April 30

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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