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South Korea Tax Information

10% VAT

VAT is 10% flat. Electronic tax invoices mandatory for B2B. Business registration number required.

E-commerce Services to Invoice

  • Product sales
  • Shipping
  • Gift wrapping
  • Express delivery
  • International shipping
  • Subscription orders
  • Wholesale

Invoice Requirements in South Korea

Business Registration Number
Business address
Client details
VAT (10%)
Total in KRW

Payment Terms

Paid at time of order. Wholesale: Net 30 with credit approval.

현금익월말30일60일

Payment Methods in South Korea

Bank TransferCredit CardKakao PayNaver Pay

E-commerce Invoice Tips

  • Include SKUs
  • Show itemized shipping
  • Display taxes clearly
  • Reference order numbers
  • Include return policy

Frequently Asked Questions

What tax rate applies to e-commerce 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 e-commerces in South Korea?

Common payment methods in South Korea include: Bank Transfer, Credit Card, Kakao Pay, Naver Pay. Paid at time of order. Wholesale: Net 30 with credit approval.

What should e-commerce invoices include in South Korea?

Your invoice should include: Business Registration Number, Business address, Client details, VAT (10%). For e-commerce services specifically, also include: Product sales, Shipping, Gift wrapping.

What should e-commerce invoices include?

Order number, products with SKUs, quantities, shipping, taxes, and payment method.

How to handle international invoices?

Include clear currency, customs notes, and HS codes if required.

What is Korea's VAT rate?

Flat 10% on most goods and services.