- South Korea Ministry of Economy and Finance announced extension of tax rate reduction for individual consumption taxes
- Temporary rate reduction for specified gasoline products extended to 20% from 25%
- Temporary rate reduction for other specified fuel products extended to 30% from 37%
- Extension of tax rate reduction will be implemented from Sept. 1
- Extension of tax rate reduction will last until Oct. 31
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.
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