- The South Korean Official Gazette published Law No. 20614 on December 31, 2024
- The law amends the VAT Act
- VAT exemption for animal blood supplies used in treatment, prevention, and diagnosis
- Extension of special tax deduction for electronic tax invoices until December 31, 2027
- Increase in surcharge rate for falsely identified business operators to 2 percent for general taxpayers and 1 percent for simplified taxpayers
Source: news.bloombergtax.com
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