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South Korea Tax Information

10% VAT

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

Virtual Assistant Services to Invoice

  • Administrative support
  • Email management
  • Calendar scheduling
  • Data entry
  • Research
  • Customer support
  • Social media

Invoice Requirements in South Korea

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

Payment Terms

Retainers paid monthly in advance. Hourly billed bi-weekly or monthly.

현금익월말30일60일

Payment Methods in South Korea

Bank TransferCredit CardKakao PayNaver Pay

Virtual Assistant Invoice Tips

  • Track hours with descriptions
  • Group tasks by category
  • Include time tracking report
  • Reference retainer hours
  • Note overtime

Frequently Asked Questions

What tax rate applies to virtual assistant 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 virtual assistants in South Korea?

Common payment methods in South Korea include: Bank Transfer, Credit Card, Kakao Pay, Naver Pay. Retainers paid monthly in advance. Hourly billed bi-weekly or monthly.

What should virtual assistant invoices include in South Korea?

Your invoice should include: Business Registration Number, Business address, Client details, VAT (10%). For virtual assistant services specifically, also include: Administrative support, Email management, Calendar scheduling.

How should VAs track and bill time?

Use time tracking software. Provide detailed reports with invoices.

Should VAs offer retainer packages?

Yes, retainers provide stable income. Offer 10, 20, or 40 hour packages.

What is Korea's VAT rate?

Flat 10% on most goods and services.