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Historical data
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The tax was introduced on December 22, 1976.
The tax is known as Buga-Gachi-Se.
Tax Authority
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National Tax Administration (NTA) :
Even though the South Korean VAT "Buga-Gachi-Se" is comprised of national and regional taxes, the administration is solely performed by the "National Tax Administration" (NTA) and NTA's subdivisions without the involvement of the other regional tax authorities.
Relevant web address(es):
www.nta.go.kr
www.mofe.go.kr
VAT Rates
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Standard VAT rate:
10%
Refunds for countries outside the EU?
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Yes, business-related refunds to companies and organisations with a VAT registration in their home country - however on mutual basis, i.e., only for countries that have entered reciprocity agreement with South Korea.
Please contact us for further information!
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