The South Korean Ministry of Strategy and Finance June 7 opened a consultation on Draft Notice No. 2022-93, to provide a VAT exemption on specific food products. The exemption 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 June 16. [South Korea, Ministry of Strategy and Finance, 06/07/22]
Reference:
View Draft Notice No. 2022-93. View Index.
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