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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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 Posted: Sun Nov 15, 2009 7:43 am Post subject: New 5% tax on electronic items down the road |
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As if Korean electronics/appliances weren't expensive enough already...
http://www.koreatimes.co.kr/www/news/biz/2009/11/123_55543.html
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| Consumers contemplating a new washing machine or television had better make a decision fast. There's less than six months before an additional tax goes into effect next year.... |
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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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| Posted: Sun Nov 15, 2009 3:03 pm Post subject: |
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| The government said in August that it would impose a 5 percent individual consumption tax on non-energy-efficient air conditioners, refrigerators, TV sets and washing machines for five years from April 2010. |
Only those 4 things? |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Sun Nov 15, 2009 4:06 pm Post subject: |
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| Yeah, it was poorly written. The photo caption says consumer electronics. |
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Juregen
Joined: 30 May 2006
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| Posted: Sun Nov 15, 2009 4:37 pm Post subject: |
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| THE FTA's are killing the tax income for the government, so they have to get it from somewhere else. |
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orosee
Joined: 07 Mar 2008
Location: Hannam-dong, Seoul
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| Posted: Mon Nov 16, 2009 12:35 am Post subject: |
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| eamo wrote: |
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| The government said in August that it would impose a 5 percent individual consumption tax on non-energy-efficient air conditioners, refrigerators, TV sets and washing machines for five years from April 2010. |
Only those 4 things? |
The way this is written could also just mean that these four items will be taxed if they have low energy efficiency, and not taxed if they are more efficient. |
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spanky1off
Joined: 21 Aug 2006
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| Posted: Mon Nov 16, 2009 8:02 am Post subject: |
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| orosee wrote: |
| eamo wrote: |
| Quote: |
| The government said in August that it would impose a 5 percent individual consumption tax on non-energy-efficient air conditioners, refrigerators, TV sets and washing machines for five years from April 2010. |
Only those 4 things? |
The way this is written could also just mean that these four items will be taxed if they have low energy efficiency, and not taxed if they are more efficient. |
thats how i read it too.
i love how himart run a 40% sale yet the sale prices are still way higher than what your gonna find in danawa.com or enuri.com...must be a sucker born every minute for himart to even stay in business |
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red_devil
Joined: 30 Jun 2008
Location: Korea
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| Posted: Mon Nov 16, 2009 5:58 pm Post subject: |
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| non-energy-efficient air conditioners, refrigerators, TV sets and washing machines for five years from April 2010. |
I'm guessing this is for electronics that do not meet the "EnergyStar" compliance. |
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spanky1off
Joined: 21 Aug 2006
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| Posted: Tue Jan 05, 2010 4:04 pm Post subject: |
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just an update on this thread.
i was in a shop the other day with my wife looking at lcd tv's and the sales assistant brought this up. effectively saying this 5% tax is across the board regardless of efficiency...its a 5% tax on carbon producing home appliances. he said i should be looking at buying b4 march as that is when all electricronic goods will have the nex tax applied. anyone else hear this? |
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eslplease
Joined: 03 Dec 2009
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| Posted: Sat Jan 09, 2010 6:14 pm Post subject: |
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this is pretty ridiculous! more tax on already expensive electronics? my samsung tv costs 50% less in Canada...i read an article somewhere that said koreans pay more for their electronics so that the companies can give better prices to international distributors...
so koreans are essentially subsidizing their domestic products for the world market..lol they are taking one for the team and they dont seem to mind. im not sure if thats patriotism or stupidity...either way, thanks Korea for making my Tigerdirect purchases cheaper  |
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