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South Korea Tax Information

10% VAT

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

Electrician Services to Invoice

  • Electrical repairs
  • Wiring installation
  • Panel upgrades
  • Outlet installation
  • Lighting installation
  • Safety inspections
  • Emergency calls

Invoice Requirements in South Korea

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

Payment Terms

Smaller jobs due on completion. Large projects use progress payments.

현금익월말30일60일

Payment Methods in South Korea

Bank TransferCredit CardKakao PayNaver Pay

Electrician Invoice Tips

  • Include license number
  • Specify materials used
  • Note permit fees
  • Document inspection results
  • Reference service address

Frequently Asked Questions

What tax rate applies to electrician 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 electricians in South Korea?

Common payment methods in South Korea include: Bank Transfer, Credit Card, Kakao Pay, Naver Pay. Smaller jobs due on completion. Large projects use progress payments.

What should electrician invoices include in South Korea?

Your invoice should include: Business Registration Number, Business address, Client details, VAT (10%). For electrician services specifically, also include: Electrical repairs, Wiring installation, Panel upgrades.

How should electricians price their work?

Hourly plus materials, or flat rate for common jobs. Include service call fee.

Should electricians itemize materials?

Yes, list materials separately with markup. Provides transparency and builds trust.

What is Korea's VAT rate?

Flat 10% on most goods and services.