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Korea to Expand VAT Receipt Requirements for Cash Payments in 2024

  • Korea is expanding electronic receipt requirements for cash payments
  • The expansion will include 13 more industries
  • This brings the total number of industries covered to 125
  • Receipts must be issued for cash payments received

Source: vitallaw.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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