South Korea Extends Tax Cut On Car Buyers To Boost Consumption

www.oann.com | 9/2/2013 | Staff
SEOUL (Reuters) – South Korea said on Wednesday it would extend by another six months the 30% cut in consumption tax on passenger cars beyond the original deadline of June 30 to help support the auto industry and boost demand.

The reduction in the tax to 3.5% from 5.0% was first implemented in the middle of July 2018 for six months but the deadline has since been extended twice by six months each time.

Finance - Ministry - Statement - Consumption - Tax

The finance ministry said in a statement keeping the consumption tax at the lower...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Governemnt sponsored segratation of America, one household at a time.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!