Contractor Invoice Generator for South Korea
Create professional contractor invoices for clients in South Korea. This free invoice generator combines contractor-specific billing practices with South Korea's tax requirements (10% VAT) and preferred payment methods like Bank Transfer and Credit Card.
Free, no registration required. Your data stays in your browser.
South Korea Tax Information
VAT is 10% flat. Electronic tax invoices mandatory for B2B. Business registration number required.
Contractor Services to Invoice
- Labor charges
- Material costs
- Equipment rental
- Permit fees
- Subcontractor work
- Change orders
- Warranty work
Invoice Requirements in South Korea
Payment Terms
Progress billing at milestones. Retain 5-10% until final inspection.
Payment Methods in South Korea
Contractor Invoice Tips
- Break down materials and labor
- Reference permits
- Document change orders
- Include lien waiver language
- Track progress payments
Frequently Asked Questions
What tax rate applies to contractor invoices in South Korea?
South Korea has 10% VAT. VAT is 10% flat. Electronic tax invoices mandatory for B2B. Business registration number required.
What payment methods are common for contractors in South Korea?
Common payment methods in South Korea include: Bank Transfer, Credit Card, Kakao Pay, Naver Pay. Progress billing at milestones. Retain 5-10% until final inspection.
What should contractor invoices include in South Korea?
Your invoice should include: Business Registration Number, Business address, Client details, VAT (10%). For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.
How should contractors bill for projects?
Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.
How do contractors handle material markup?
15-25% markup is standard. State policy in contracts.
What is Korea's VAT rate?
Flat 10% on most goods and services.