Lawmakers propose bill on taxing Google, Amazon on ad, cloud service earnings in Korea
Nov 11, 2018
Global information and communication technology companies such as Google, Facebook and Amazon may soon be required to pay value-added tax on a wider range of their earnings in South Korea, as lawmakers have introduced a new bill to bring changes on this end. Led by Rep. Park Sun-sook of the minor opposition Bareunmirae Party, a group of 15 Korean lawmakers have proposed amending the Value-Added Tax Act to newly require foreign ICT firms to pay VAT on digital products such as search advertisement