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South Korean Assembly Considers Bill to Zero-Rate VAT on Agricultural Equipment Starting 2026

    The South Korean National Assembly accepted Bill No. 2209223 for consideration on March 21 The bill proposes partial amendments to the Special Tax Measures Act It includes measures to apply zero-rate VAT on agricultural equipment The law is set to take effect on January 1, 2026

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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