tax law Archives | Be Korea-savvy
With New Tax Law, Sales of Imported Vehicles Plummet

With New Tax Law, Sales of Imported Vehicles Plummet

SEOUL, July 29 (Korea Bizwire) – Sales of imported ‘company vehicles’ in Korea rapidly declined in H1 2016 compared to the same period in 2015, thanks to a recent revision to tax laws that took away some of the benefits of purchasing vehicles under a company name starting in 2016.  Prior to the amendment, there [...]