VAT Calculator

Add or remove VAT from any amount instantly.
Works with any tax rate worldwide, including Korean 2026 standards.

Net Amount (excl. VAT)

VAT Rate (%)

Quick Rates

Enter an Amount

Enter a net or gross amount to
calculate VAT automatically.

VAT / GST Rates by Country

UK 20%

Germany 19%

France 20%

Italy 22%

Spain 21%

Japan 10%

Korea 10%

Australia 10% GST

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South Korea VAT Guide 2026: Rates, Rules & Calculation

Understanding VAT in Korea

Value Added Tax (VAT) is a 10% tax levied on most goods and services in South Korea. For business owners, it is an indirect tax collected from consumers and remitted to the National Tax Service (NTS).

Key Calculation Formula

Net vs. Gross Amount

Net Amount (Excl. VAT) A
VAT (10%) A × 0.1
Gross Amount (Incl. VAT) A × 1.1

VAT Extraction Tip

To find the base price from a total:

Total ÷ 1.1 = Net Amount

General vs. Simplified Taxpayers (2026)

Category	General	Simplified
Annual Revenue	104M KRW or more	Under 104M KRW
VAT Rate	10%	1.5% ~ 4.0%

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FAQ

Quick answers to common questions.

How do I calculate VAT from a gross amount?

To extract VAT from a gross (VAT-inclusive) amount: VAT = Gross × (Rate ÷ (100 + Rate)). For example, with 20% VAT on a $120 gross: VAT = 120 × (20 ÷ 120) = $20.

What is the difference between VAT-exclusive and VAT-inclusive?

VAT-exclusive (net) is the price before tax. VAT-inclusive (gross) is the final price the customer pays including tax. Net + VAT = Gross.

What is the VAT rate in South Korea in 2026?

The standard VAT rate in South Korea remains at 10%. However, certain simplified taxpayers may be subject to lower effective rates ranging from 1.5% to 4.0% depending on their industry.

What are the simplified tax thresholds for 2026?

As of 2026, individual businesses with an annual revenue (supply value) of less than 104 million KRW can apply for simplified taxation status.