I was part of a small group that introduced VAT in South Korea in the mid-1970s. The question of who collects VAT and how you distribute VAT was not the priority then. So, at the Council meeting we were arguing about introducing VAT and I began to feel some chest pain. So, we introduced the five per cent VAT and I deliberately kept it that low. The VAT law was silent on who should collect it, which led to the ongoing legal dispute.

Source: Punch October 03, 2021 00:11 UTC