The South Korean Ministry of Strategy and Finance Nov. 24 opened a consultation on Draft Notice No. 2023-226, to extend the deadline to Dec. 31, 2025, from Dec. 31 for VAT exemption on specific food products. The extension applies to: 1) simple processed food products such as kimchi and salted fish; and 2) imports of coffee and cocoa beans, excluding roasted products. Comments are due Dec. 15. [South Korea, Law Ministry, 11/24/23]
Reference: View Draft Notice No. 2023-226. View Index.
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