South Korea: Value-added tax exemption expands to simple processed food products, coffee beans

Ministry of Agriculture, Food and Rural Affairs held a meeting with distributors and coffee companies On the 28th, the Ministry of Agriculture, Food and Rural Affairs held a “distributor and coffee company meeting” related to food price stabilization at the meeting room of the aT center in Seocho-gu, Seoul, chaired by Kwon Jae-han, head of the Food Industry Policy Office. Major retailers such as E-Mart, Lotte Mart, Homeplus, and Nonghyup Hanaro Mart, as well as major coffee companies such as Dongseo Food, Ediya Coffee, and Blesbin, attended the meeting. ', they checked the industry's preparations for the expansion of value-added tax exemption for simple processed food products, which will be implemented on the 1st of next month, and exchanged opinions on difficulties, etc. Previously, the government expanded the subject of VAT exemption for simple processed food products from products such as temporary plastic packaging for convenience of transportation to kimchi, soybean paste, ...