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VAT Calculator South Korea (10%)

Add or remove VAT from any KRW amount. The rate is editable, and the formulas below show the arithmetic so you can check any invoice by hand.

  • ₩ KRW
  • VAT 10%
  • Business registration number
  • A4
  • English
%

Standard rate in South Korea is 10%.

Total with VAT

₩1,100

  • Net amount₩1,00090.9%
  • VAT₩1009.1%
Net amount
₩1,000
VAT at 10%
₩100
Gross amount
₩1,100

Reduced rates, zero rates and exemptions

Korea has one positive VAT rate of 10%, so the relief comes from zero rating and exemption. Zero-rated supplies under the VAT Act, Articles 21 to 24, cover exports of goods, services supplied overseas, international transport by ship or aircraft, and supplies that earn foreign currency, including supplies to foreign diplomatic missions.

Article 26(1) lists the exempt supplies. They include unprocessed food, tap water, briquettes and anthracite, menstrual hygiene products, medical and health services, educational services, most passenger transport (not aircraft, expressway buses, taxis and similar), books, newspapers and magazines (not advertisements), postage stamps, financing and insurance services, housing leases, land, creative works of art, and admission to libraries, museums and zoos.

A supplier of exempt goods does not charge VAT and cannot recover input VAT on its purchases. A zero-rated supplier charges 0% and keeps the input credit.

How to calculate VAT in South Korea

Add: tax = net × 0.1; gross = net × 1.1.

Remove: net = gross ÷ 1.1; tax = gross − net.

Standard rate in South Korea is 10%.