Tax Authority
NTS (National Tax Service)
e-Invoicing in South Korea
Characteristics of the electronic invoice in South Korea
Electronic invoicing in South Korea has been expanding in both B2B and B2G since 2011. The invoicing system is called e-Tax.
Obligation
Since 2014, all taxpayers whose sales exceed KRW 300 million (USD 264.5 thousand) per year must issue their VAT invoices electronically in real-time. The invoices must be sent to the National Tax Service (NTS).
From 1 July 2022, the threshold will be lowered to KRW 200,000,000 (around $160,000). The South Korean tax authority has also announced from 1 July 2023 the threshold will be reduced further to KRW 100,000,000 (around $83,000).
Required Administrative Transactions
The issuer must register with the NTS as a taxpayer and download a digital certificate to sign the invoices.
Format
XML
Digital Signature
Mandatory
Archiving
5 years.
Do you need to know more about e-Invoicing in South Korea?
Contact one of our e-invoicing specialists.
EDICOM Group will use the personal data collected to answer questions/or manage the services requested. You may exercise your rights of access, rectification, opposition, restriction and portability of your data in accordance with the provisions in the Privacy Policy.
Sending
Please wait. This may take several seconds.
Thank you for sending your details!
Related resources
Implementation of e-Invoicing around the world
The technical and legal requirements for e-Invoicing are different in each country. If you want to know the details and tax obligations of any particular country, just click on the map or choose a country from the dropdown list.
Related news about e-invoices in South Korea
E-Fapiao (fully digitalized E-Fapiao) in China: full adoption as of December 2024
China’s State Taxation Administration (STA) announced the official nationwide implementation of fully electronic invoices
e-Faktur Pajak: Electronic Invoicing in Indonesia
Electronic invoicing became mandatory for all taxpayers starting in July 2016.
Pakistan introduces mandatory B2B electronic invoicing
The FBR is set to introduce an electronic invoice validation system
One electronic invoicing solution. Multiple benefits.
Send us your contact information, and we will contact you as soon as possible.
EDICOM Group will use the personal data collected to answer questions/or manage the services requested. You may exercise your rights of access, rectification, opposition, restriction and portability of your data in accordance with the provisions in the Privacy Policy.
The form has been sent successfully.
Select a valid prefix
Please fill in all required fields.
To fill in the form again, please reload the page.
Let's talk!
