South Korea VAT calculator (부가가치세)

How 부가가치세 (vat) in South Korea is calculated

Article 30 of the 부가가치세법 is one sentence: *"부가가치세의 세율은 10퍼센트로 한다"* — the rate of value-added tax shall be 10 per cent. Unqualified, with no category carve-out, which is why this page offers no rate selector. Adding VAT multiplies the net amount by 10%; removing it divides the gross by 1.1.

**Why this page cites law.go.kr rather than an English translation.** The Korea Legislation Research Institute publishes an English Value-Added Tax Act, and it is headed *"Act No. 14387, promulgated December 20, 2016"*. A translation of that vintage cannot show the absence of a later amendment — and that is not a theoretical worry: Chile’s own tax authority still serves a copy of its VAT law *"actualizado hasta el 29 de julio de 1998"*, stating a 17% rate when the real one has been 19% since 2003. 국가법령정보센터 states the enforcement date on the article itself — 법률 제21065호, 시행 2026-01-02 — so currency is proven rather than assumed.

**No registration threshold is published here, and that is deliberate twice over.** Korea requires business registration whatever your turnover, so there is no de minimis to state. And the 104 million won figure widely quoted for Korea is the ceiling for the 간이과세자 (simplified taxpayer) regime, which is a different question with a different answer — labelling it a registration threshold would be wrong in the direction that matters, since it would tell a small business it need not register. The B2B reverse charge is exposed as an input because it is what most people mean when they ask whether they must charge VAT.