Korea Forest Service to Include 'Forestry Sprayers' in Tax-Exempt Fuel Category Starting Next Month
Forestry brush cutters will be included in the supply targets for tax-exempt fuel starting next month. A brush cutter refers to a portable machine equipped with rotating blades within the scope of forestry machinery equipment, which can be used for grass cutting and young tree cultivation.
The Korea Forest Service announced on the 25th that, starting from the 1st of next month, the "Enforcement Rules on Special Cases for the Application of Zero VAT Rate and Tax Exemption on Agricultural, Livestock, Forestry, and Fishery Equipment and Petroleum Products" will be revised and implemented, adding forestry brush cutters to the supply targets for tax-exempt fuel for forestry use.
The forestry tax-exempt fuel supply system applies to individuals engaged in forest management or logging within forestry according to the Korean Standard Industrial Classification and to forest cooperatives. To receive tax-exempt fuel for forestry use, forestry workers must first register the eligible equipment with the forest cooperative in their place of residence. Equipment newly registered this year will be included in the target from next year.
The Korea Forest Service emphasized the significance of expanding the eligible equipment for tax-exempt fuel supply for forestry use, which has been one of the long-standing demands of forestry workers, in consultation with related ministries. The addition of brush cutters is the first case since the related system was implemented in 2002.
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Nam Sung-hyun, Administrator of the Korea Forest Service, said, “We expect that the tax-exempt fuel benefits for forestry brush cutters will help reduce the burden on forestry workers,” and added, “The Korea Forest Service will boldly improve unreasonable systems and continue policies that support forestry workers.”
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