New VAT rate on electronic services in South Korea

28 August 2015

As of 1 July 2015, electronic services (applications, e-books, MP3, music, films, etc.) supplied by a foreign service provider are now subject to 10% Korean VAT.  As a result of this, the Korean National Tax Service has implemented a simplified VAT registration procedure for electronic service providers and those affected should register within 20 days from the date of commencement of supplying these types of services.

LATEST NEWS

Norway extends reduced VAT rate to September 2021

Norway has confirmed that the temporary reduced VAT rate reduction, from 12% to 6%, will be extended from 30 June 2021 to 30 September 2021. The reduced VAT...

SEE MORE
LATEST NEWS

Canada: GST to be charged on digital goods and...

From 1 July 2021, the Canadian Revenue Agency (CRA) will introduce Goods and Sales Tax (GST)/Harmonised Sales Tax (HST) on sales of e-commerce goods and...

SEE MORE
LATEST NEWS

France to introduce e-filing for 13th Directive VAT...

From 1 July 2021, non-EU businesses must request 13th Directive VAT refund claims electronically through a fiscal representative established in France. These...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.