Kplus Partners

After starting business activities in Korea, it is recommended to use the accounting services we provide to process monthly and annual tax reports and tax returns. Our accountant, certified public accountant (CPA) is familiar with relevant legal fields in Korea and has experience in cooperation with foreign companies. They can communicate in Chinese, English and Japanese and provide services at a reasonable price.

In addition, even companies that have not yet conducted business activities or employed local employees in Korea are obliged to make tax returns to the Korean tax authorities. Local tax risks may hinder successful business activities, so we recommend that any company planning to enter the Korean market obtain expert advice from Korean certified public accountants in order to make effective and correct tax planning, or at least obtain information about possible tax risks.

Collection range of business tax and value-added tax in Korea:

Below 200 million won: 10% (VAT: 1% on this basis)

More than 200 million won, less than 20 billion won: 20% (on this basis: 2%)

More than 20 billion won, less than 300 billion won: 22% (on this basis: 2.2%)

Over 300 billion: 25% (on this basis: 2.5%)

FAQs on Korea Company Taxation‍