- The South Korean Official Gazette published Presidential Decrees No. 35129 and 35130 on December 31, 2024
- Decree No. 35129 extends the flexible tax rate on butane until February 28, 2025
- It also extends the reduced tax rate on natural gas and bituminous coal used in power generation until June 30, 2025
- Decree No. 35130 extends the reduced tax rate period for land and environment taxes until February 28, 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.
