From July 1, 2015 where a foreign business operator supplies any electronic service (“e-service”) to the Republic of Korea (“Korea”), the e-services are deemed to be supplied within Korea (Article 53(2) of the Value Added Tax Act, Article 96(2) of the Value Added Tax Act, Article 66(2) of the Value Added Tax Act).
VAT Standard rate
10 %
VAT Reduced rate
There is no reduced rate established.
Threshold
There is no minimum threshold.