VATupdate
VAT

Share this post on

Easily Declare Value-Added Tax with Smart Home Tax System by 2025.01.21 National Tax Service

  • Starting from January 31, 2025, businesses need to report their value-added tax for the second quarter of 2024
  • Changes in the electronic reporting system for value-added tax on home tax
  • Pre-filled reporting based on data from electronic tax invoices and cash receipts
  • Simplified reporting screens divided into categories such as sales, purchases, deductions, and others
  • Customized menu automatically reflecting reporting type, tax type, and reporting period for the second quarter of 2024

Source: korea.kr

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.

Sponsors:

VATIT Compliance
VAT news

Advertisements: