The Sales Tax Rate in South Korea stands at 10 percent. Sales Tax Rate in South Korea averaged 10.00 percent from 2006 until 2025, reaching an all time high of 10.00 percent in 2007 and a record low of 10.00 percent in 2007. source: National Tax Service, South Korea

Sales Tax Rate in South Korea is expected to reach 10.00 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Sales Tax Rate - VAT is projected to trend around 10.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 24.00 24.00 percent Dec 2025
Personal Income Tax Rate 45.00 45.00 percent Dec 2025
Sales Tax Rate 10.00 10.00 percent Dec 2025
Social Security Rate 19.75 19.75 percent Dec 2025
Social Security Rate For Companies 10.35 10.35 percent Dec 2025
Social Security Rate For Employees 9.40 9.40 percent Dec 2025
Withholding Tax Rate 20.00 20.00 percent Dec 2025


South Korea Sales Tax Rate - VAT
In South Korea, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of South Korea.
Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 10.00 10.00 2006 - 2025 percent Yearly