A VAT refund guide to South Korea

How to get VAT Refunds from South Korea for your business
Businesses registered in countries outside of South Korea can claim VAT refunds on any costs incurred in South Korea.
The below information details the requirements needed to be eligible for a VAT refund. This includes claimable expense types, South Korea VAT rates, deadlines and claiming periods.
South Korea

Which countries have reciprocity with South Korea?

Austria, Australia, Belgium, Bosnia & Herzegovina, Canada, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Japan, Luxembourg, Macedonia, Malta, Monaco, Netherlands, New Zealand, Norway, Sweden, Bulgaria, Slovenia, United Arab Emirates, the United Kingdom, the United States of America

Learn more about how reciprocity works within VAT by clicking below.

What expenses are claimable in South Korea?

Entertainment

Entertainment
0%
Accommodation
10%

Events

Admission to Fairs & Exhibitions
10%
Training Courses & Seminars
10%

Travel Related

Hiring of Means of Transport
0%
Public Transport
0%
Taxis
0%

General Expenses

Goods
10%
Inter-company charges
10%
Office Expenses
10%
Marketing Costs
10%
Professional Fees & AP invoices
10%

Additional Information

Need help with your VAT refund from South Korea?

You don’t have to do this alone. We’ve been helping companies reclaim foreign VAT refunds for over 20 years. We have the knowledge and technology to process your refunds quicker as well as attend to any unforeseen VAT authority queries that may arise.

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