11.07.2019

VAT obligations extended for South Korea

VAT obligations have been extended on digital services as of July 2019 for South Korea.

VAT obligations for South Korea

South Korea plans to extend the VAT obligations on digital services for non-residents as of 1 July 2019.

Foreign providers of the following services will need to be compliant with the new regulations:

  1. Intermediaries of peer-to-peer services;
  2. Cloud computing;
  3. Online advertising

There is a simplified e-services VAT registration regime that can be used by the providers. This regime only allows for the declaration of tax outputs.

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