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South Korea Extends Butane Consumption Tax Reduction

  • South Korea extended the temporary reduction to the flexible individual consumption tax rate for butane in oil and gas to April 30.
  • The flexible individual consumption tax rate for butane in oil and gas will be 212 South Korean won per kilogram from March 1 to April 30.

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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