
Tax Authority
NTS (National Tax Service)
Electronic invoicing in South Korea has been expanding in both B2B and B2G since 2011. The invoicing system is called e-Tax.
NTS (National Tax Service)
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).
The issuer must register with the NTS as a taxpayer and download a digital certificate to sign the invoices.
XML
Mandatory
5 years.
Contact one of our e-invoicing specialists.
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.