Please be aware that this site is informational only, and many external factors, unique to your company might apply.
Each company must make their own decisions about how they meet their tax obligations.
South Korea’s Value Added Tax (VAT) system was introduced in 1977 to consolidate indirect taxation. The system operates with a single standard rate and a limited number of zero-rated categories.
VAT rates in South Korea
| Rate | Type | Examples of Goods & Services |
|---|---|---|
| 10% | Standard | Most goods and services, including electronics, clothing, and retail |
| 0% | Zero-rated | Exports, transport services, finance and insurance, business support services, cultural items, unprocessed food, medical products and services |
For more details on VAT regulations, visit the National Tax Service website.
Last changed 2026-01-26