Tag Archives: consumption tax

Reduced Taxes on New Cars When Consumers trade-in Old Diesel Cars

South Korea has announced stricter emissions standards for vehicles starting next year, as part of efforts to clean up the air in its major cities. The Ministry of Environment said Thursday that old diesel-powered vehicles weighing 2.5 tons or more will be banned from Seoul if they aren’t equipped with an emission-reducing device or a low-pollution engine. The ban will

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