South Korea VAT Calculator
Calculate VAT for South Korea using the standard rate of 10.0%.
Standard Rate
10.0%
Reduced Rates
—
Currency
KRW (₩)
VAT Calculator
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VAT in South Korea
South Korea applies a standard VAT rate of 10.0% on most taxable goods and services. There are currently no reduced rates; the standard rate applies uniformly to all taxable supplies. Businesses operating in South Korea that exceed the VAT registration threshold must charge VAT on their sales and file periodic returns with the tax authority.
When invoicing in KRW, remember to clearly show the net amount, the VAT amount, and the gross total. This calculator pre-fills the 10.0% rate so you can quickly verify amounts on invoices and receipts without manual arithmetic.
Frequently Asked Questions
What is the standard VAT rate in South Korea?
The standard VAT rate in South Korea is 10.0%. This rate applies to most goods and services unless a reduced rate or exemption is specified.
Does South Korea have reduced VAT rates?
South Korea does not currently apply reduced VAT rates. The standard rate of 10.0% applies uniformly to taxable goods and services.
How do I add VAT to a price in South Korea?
To add VAT at 10.0%, multiply the net amount by 0.1000 and add the result to the original price. For example, on a ₩100 item the VAT would be ₩10.00, giving a gross price of ₩110.00.
How do I remove VAT from a price in South Korea?
To remove VAT at 10.0% from a gross price, divide the amount by 1.1000. The result is the net price before VAT. The difference between the gross and net amounts is the VAT component.
VAT Rates in Other Countries
United Kingdom20.0%Germany19.0%France20.0%Italy22.0%Spain21.0%Netherlands21.0%Belgium21.0%Austria20.0%Portugal23.0%Ireland23.0%Sweden25.0%Denmark25.0%Norway25.0%Finland25.5%Poland23.0%Switzerland8.1%Canada5.0%Australia10.0%New Zealand15.0%Japan10.0%India18.0%Singapore9.0%South Africa15.0%Brazil17.0%Mexico16.0%