South Korea’s National Tax Service has introduced a new filing requirement for VAT‑exempt business owners, including YouTubers, drivers, and delivery riders. All such owners must submit an annual business operation status report by February 10, 2025, and will receive mobile notifications starting on the 21st of the reporting month. The rule expands guidance to one‑person media creators and sets a 24 million won income threshold for certain personal service providers.
The VATfaqs digest
Global VAT news, delivered Tuesday and Thursday. Free, curated from 50+ official sources, no spam.
No spam · Unsubscribe any time
Seoul Economic Daily · 2 months ago
The Supreme Court of Korea ruled that fresh flower decorations supplied at hotel wedding venues are a provision of services, not a supply of goods, and therefore subject to VAT. The ruling overturned a lower court decision that had treated the decorations as exempt unprocessed agricultural products. As a result, the tax office assessed significant VAT amounts for Josun Hotel & Resort for 2018.
Bloomberg Tax · 6 months ago
The South Korean National Tax Service released a press statement outlining new VAT filing and payment deadlines. The main deadlines are Jan. 26 for filing and paying returns for the July–December 2025 period, and March 26 for an extended payment deadline for certain SMEs. Simplified taxpayers and businesses facing financial difficulties also receive automatic or optional extensions.
GSTZen · about 5 hours ago
India’s GST e-invoice and e-way bill system will enforce new API validations from 1 August 2026. Ship-to GSTIN becomes mandatory, cannot match Bill-to GSTIN, and must align with state codes. ERP users must update master data, payloads, and handle URP for unregistered consignees.
1stopVAT · about 9 hours ago
NePAL has introduced a mandatory VAT framework for ride-sharing digital platforms, requiring operators to collect 5% VAT from drivers. The Inland Revenue Department issued a public notice on 17 July 2026, and technical guidance outlines reporting and invoicing duties. Operators must remit collected tax by the 25th day of the month following the reporting period.
Fiscal Requirements · about 11 hours ago
Philippines: The BIR has extended the e-invoicing deadline to 31 December 2026, giving e-commerce businesses, large taxpayers and CAS/CBA users more time to comply. Taxpayers must issue e-invoices in XML, JSON or other BIR-approved formats via accredited systems, and sales data reporting will begin once the central system is operational.
AviNews · 1 day ago
Vietnam clarifies that household businesses buying livestock from external suppliers, slaughtering them, and selling fresh meat must pay VAT at 1% of revenue. The guidance also confirms that self-produced livestock products are exempt from VAT if only basic processing is performed.
Sponsored placement
Reach finance leaders who read VAT news.
Put your brand alongside trusted tax-tech intelligence across 150+ countries.
Key Takeaways
They must file the annual business operation status report by February 10 each year (for the 2025 reporting period).
One‑person media content creators such as YouTubers and Instagram users with business income statements or foreign‑currency receipts.
An annual service income exceeding 24 million won.
By default via mobile notifications starting on the 21st of the reporting month; if delivery fails, a paper notification will be sent.
Primary source
Read the full article at Asia Business DailyThis summary was published on VATfaqs.com on 19 January 2026. It relates to VAT developments in South Korea. The original source is Asia Business Daily.
