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South Korea VAT changes

  • Mar 7, 2013 | Richard Asquith

South Korea VAT changes

A range of changes have been implemented into the South Korean Value Added Tax regime in 2013. These include:

  • Additional input VAT allowances for minor incomplete or inaccurate invoices
  • New penalties on late VAT returns
  • Further allowances on the deductibility of input VAT on VAT-exempt export activity

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara