The standard VAT rate in South Korea is 10%. Add VAT to a net price or remove it from a gross price below.
South Korea standard VAT rate
10%
Net
100.00
VAT (10%)
10.00
Gross
110.00
South Korea applies a standard VAT rate of 10% to most goods and services. To add VAT, multiply the net price by 0.1000 and add it to the original amount. To remove VAT from aVAT-inclusive price, divide the gross amount by 1.1000.
For example, a net price of 100.00 in South Korea carries 10.00 in VAT, for a gross total of 110.00. Note that many countries also apply reduced rates to essentials like food, books, or medicine — this calculator uses the standard rate.