Korean Tax Blog

The "사업장현황신고" (Business Status Report)" from the National Tax Service of Korea provides comprehensive instructions for businesses that...

*Example of zero-rated VAT invoice Introduction Hey there! Let's dive into the world of Zero-Rated VAT in Korea, a topic that might sound...

Types of Goods and Services Exempt from VAT In Korea, Value-Added Tax (VAT) exemption means that certain goods and services are not...

Introduction: As of January 1, 2024, South Korea is set to expand its cash receipt issuance obligation to include 13 additional business...

The National Tax Service of Korea has announced the commencement of the year-end tax settlement process for 2023FY. This annual exercise...

In Korea, understanding the obligations regarding Value-Added Tax (VAT) for simplified taxable sole-proprietor is crucial for compliance...

Most companies in Korea align their financial year with the calendar year, which means they must submit their corporate income tax return...

Introduction to VAT in Korea VAT, or Value-Added Tax, is a crucial aspect of Korea's tax system. This article provides an insightful...

Welcome to my blog article on VAT refunds for non-resident businesses operating in South Korea. In this guide, we will delve into the...

Purpose of the Agreement(Treaty with Korea) The purpose of the agreement is to harmonize the differences in pension systems between the...