Korea is targeting global online retailers in its expanded VAT legislation, which will tax the non-resident distributors of digital content to Korea customers. From July 1 2015 electronic service providers will be charged 10% VAT on all sales made to Korean consumers, regardless of whether they have a Korean presence.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year