- South Korean National Assembly accepted Bill No. 2204758 for consideration
- Bill aims to partially amend the Tax Special Measures Act, effective Jan. 1, 2025
- Includes measures to set VAT credit at 10,000 won for simplified taxpayers
- Effective date of the bill is Jan. 1, 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.
