What is the VAT rate in South Korea?

South Korea's VAT rate is a flat 10% on all taxable goods and services. Zero-rated supplies include exports and international transport. Exempt supplies include unprocessed food, medical services, educational services, and financial services.

What is the VAT registration threshold in South Korea?

All businesses conducting taxable supplies in Korea must register for VAT regardless of size. Simplified taxpayer status is available for businesses with annual supplies below KRW 48,000,000, reducing filing frequency and compliance burden.

South Korea VAT Calculator — 10%

Calculate South Korean Value Added Tax (부가가치세, bugagachise) at the single standard rate of 10%. South Korea applies a uniform rate with limited zero-rating for exports.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate South Korean Value Added Tax (부가가치세, bugagachise) at the single standard rate of 10%. South Korea applies a uniform rate with limited zero-rating for exports. Use the south korea vat calculator result to inform your calculation.

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South Korea VAT Calculator — 10%

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Frequently Asked Questions

What is the VAT rate in South Korea?

What is the VAT registration threshold in South Korea?