South Korea
Import VAT and GST in South Korea
Taxes and government fees on import
- Value-added tax on imports (10%)10%
Base: customs value + duty + additional duties + trade remedies + excise
Value-Added Tax Act (Korea), Arts. 29–30
Every tax rule LandedGrid holds names its base explicitly, so tax is never computed as “price × rate”. Because duty is part of the base, tax stays unresolved while any duty component is unresolved.
What LandedGrid does not calculate for this destination
- base duty: Rates come from the KCS annual open-data file. Adjustment, quota and emergency tariffs that change during the year may be missing until the next file.
- preferences: FTA rates are covered where the agreement code maps to a single, certain partner. The KCS FTA portal states its information is for reference only; the agreement text governs.
- trade remedies: Anti-dumping and countervailing duties are not identified reliably in the ingested file.
- quotas: Quota tariff recommendations and balances are not held. In-quota rates are never assumed.
- taxes: VAT is calculated at 10%. The legal text of the VAT base has not yet been verified by LandedGrid against a primary Korean source, and other internal taxes are not calculated.
- excise: Individual consumption tax, liquor tax, education tax and rural development special tax are not calculated.
- customs fx: KCS weekly rates require a data.go.kr service key that is not configured.
- regulatory: Import requirements under the Integrated Public Notice are not yet covered.