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Global Trade Alert

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Republic of Korea: Revision of taxes on imported energy resources

Description

On the same day, taxes on other alternative imported fuels - namely liquefied natural gas (LNG), kerosene and propane - were lowered. Namely: LNG: 60 -> 42 KRW (ca. 0.056 -> 0.039 USD) per kg K...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

01 Jul 2014

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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