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VAT calculator for South Korea

Add or remove VAT for South Korea in KRW — preset with the current rates (10%).

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Calculation

Results

Net amount (excl. VAT)₩100
VAT amount₩10
Gross amount (incl. VAT)₩110

VAT rates in South Korea (2026)

10%standard

The standard rate of 10% applies to most goods and services. There is no reduced rate; certain supplies may be exempt or zero-rated. Locally, the tax is called 부가가치세.

Good to know

  • Corporations and individual businesses with supply value above KRW 80 million must issue electronic tax invoices (전자세금계산서) and transmit them to the National Tax Service by the day after issuance.
  • Simplified taxpayers (간이과세자) with annual sales below roughly KRW 104 million follow different rules and may not be able to issue tax invoices.
Create an invoice for South Korea with VAT prefilled →Invoice requirements & template for South Korea

How it’s calculated

VAT is charged as a percentage of the net (pre-tax) price. To add it, multiply the net amount by the rate; to find the net amount inside a tax-inclusive price, divide the gross amount by 1 plus the rate.

A common mistake is to remove VAT by subtracting the rate from the gross price (e.g. 119 − 19% = 96.39). That is wrong — the correct net amount is 119 ÷ 1.19 = 100.

  • Gross = Net × (1 + rate ÷ 100)
  • VAT = Net × rate ÷ 100
  • Net = Gross ÷ (1 + rate ÷ 100)

Frequently asked questions

How do I add VAT to a price in South Korea?

Multiply the net price by 1.1. For example, ₩10,000 plus 10% VAT is ₩10,000 × 1.1 = ₩11,000.

How do I remove VAT from a gross price in South Korea?

Divide the gross price by 1.1: ₩11,000 ÷ 1.1 = ₩10,000. The VAT included is ₩1,000.

What VAT rates apply in South Korea?

South Korea uses a standard VAT rate of 10%.

Are these VAT rates for South Korea up to date?

The rates were last reviewed in October 2026. Tax rates can change, so confirm with the tax authority before relying on them for filings.

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Create an invoice for South Korea with VAT prefilled

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Results are estimates for general information only and are not tax, legal or financial advice.