SEJONG, Apr. 12 (Korea Bizwire) — The government said Friday it will extend a tax cut on fuel products until the end of August in a move to ease the burden of small businesses and ordinary people. In November, the government lowered fuel taxes by 15 percent for six months. The temporary measure had been [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s government is considering a move to lower the fuel tax rate to alleviate cost pressures felt by small businesses and ordinary people, official sources said Sunday. The temporary move expected to be announced later in the month may lead to a 10 percent reduction in taxes levied [...]
SEJONG, Jun. 27 (Korea Bizwire) — The South Korean government has no plan to raise diesel prices in the near future as it tries to reduce fine dust levels in the air, the finance ministry said Monday. “We’ve considered many scenarios related to tax rate hikes for diesel, but all have been found to be [...]