VAT Administration

Korea is one of countries to print VAT charge on most business invoices.

VAT compliance starts at the very beginning of business registration and cannot be ignored even at the business closing.

Once registered, companies are required to issue an electronic VAT invoice, submit periodic VAT returns and make regular VAT payments.
Korea has highly electronic driven requirements in VAT administration, enforced with tough penalties and interest charges for infringement.
These requirements are also subject to constant changes potentially making it difficult for businesses to follow.

We are an expert in Korean VAT administration along with technical competency. We can help keep you compliant with all the numerous and unique local requirements like electronic Vat invoicing, proxy VAT and etc.

We are abreast of the ever-changing rules, and can help ensure your business stays fully compliant while removing anxieties over potential delays or penalties in your VAT returns.