Partial amendment to RESTRICTION OF SPECIAL TAXATION ACT
Article 26 (1) 1 of the Value Added Tax Act exempts value-added tax on the supply of raw rice but im...
Article
,26
,(1)
,of
,the
,Value
,Added
,Tax
,Act
,exempts
,value-added
,tax
,on
,the
,supply
,of
,raw
,rice
,but
,imposes
,VAT
,on
,rice
,processing
,food
,supplyHowever
,Korea
,is
,facing
,serious
,rice
,supply
,and
,demand
,imbalance
,such
,as
,continuous
,decrease
,in
,rice
,consumption
,To