The South Korean National Tax Service April 3 announced VAT support measures for businesses, and the VAT filing and payment deadlines. The announcement includes: 1) the two-month extension to the payment deadline for specified businesses located in declared disaster areas due to wildfire; 2) the exemption for these business from the advance notice requirement; 3) the April 25 deadline to pay Q1 2025 VAT notices for general taxpayers and small businesses with total supplies below 150 million won (US$103,483) between July 2024 and December 2024; 4) the April 25 deadline for large corporate entities to file and pay VAT for ...
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