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South Korea Tax Information

10% VAT

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

Event Planner Services to Invoice

  • Event planning
  • Venue sourcing
  • Vendor coordination
  • On-site management
  • Corporate events
  • Private parties
  • Virtual events

Invoice Requirements in South Korea

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

Payment Terms

Deposit to book, progress payments, balance before event.

현금익월말30일60일

Payment Methods in South Korea

Bank TransferCredit CardKakao PayNaver Pay

Event Planner Invoice Tips

  • Reference event date/venue
  • Include planning fees separately
  • Note vendor pass-through costs
  • Document guest count
  • Specify deliverables

Frequently Asked Questions

What tax rate applies to event planner 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 event planners in South Korea?

Common payment methods in South Korea include: Bank Transfer, Credit Card, Kakao Pay, Naver Pay. Deposit to book, progress payments, balance before event.

What should event planner invoices include in South Korea?

Your invoice should include: Business Registration Number, Business address, Client details, VAT (10%). For event planner services specifically, also include: Event planning, Venue sourcing, Vendor coordination.

How should event planners price services?

Flat planning fee, percentage of budget, or hourly. Corporate events often use flat fees.

Should planners pass through vendor costs?

Either pass through with markup (10-20%) or have client pay vendors directly.

What is Korea's VAT rate?

Flat 10% on most goods and services.