What is Korea's VAT rate?

South Korea has a single standard VAT rate of 10%. There is no reduced rate. Most basic foods, educational services, and medical services are VAT-exempt.

When must businesses register for Korean VAT?

All businesses with taxable sales must register. Simplified taxpayers (below KRW 48 million) file annually. Regular taxpayers file semi-annually.

South Korean VAT Calculator (10%)

Calculate South Korean VAT (Bugage-gachi-se) at the standard 10% rate. Covers exempt supplies (unprocessed food, medical, education), zero-rated exports, simplified taxpayer threshold, and biannual filing.

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Annual Rate (%)

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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 VAT (Bugage-gachi-se) at the standard 10% rate. Covers exempt supplies (unprocessed food, medical, education), zero-rated exports, simplified taxpayer threshold, and biannual filing. Use the korea vat 10% result to inform your calculation.

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