‘Luxury Taxes’ Abolished for Certain Items

SEOUL, Dec.1 (Korea Bizwire) – Aficionados of certain high-end goods will be pleased to find out that some items have been removed from the ‘Individual Consumption Taxes’ list, meaning they will now be exempt from what is often referred to as a ‘luxury tax’. Perfume, cameras and deer antlers were removed  from the list, but [...]