Value-added Tax Act

부가가치세법

Act · 재정경제부 · English text effective 2024-01-01 · Korean current 2026-01-02

Articles

• CHAPTER I GENERAL PROVISIONS
• Article 1 Purpose
• Article 2 Definitions
• Article 3 Persons Liable to Pay Tax
• Article 3-2 Trustees’ Liability for Tax Payment in Kind
• Article 4 Taxable Objects
• Article 5 Taxable Period
• Article 6 Place of Tax Payment
• Article 7 Jurisdiction of Taxation
• Article 8 Business Registrations
• CHAPTER II TAXABLE TRANSACTIONS
• SECTION 1 Transactions Subject to Taxation
• Article 9 Supply of Goods
• Article 10 Special Cases concerning Supply of Goods
• Article 11 Supply of Services
• Article 12 Special Cases concerning Supply of Services
• Article 13 Importation of Goods
• Article 14 Incidental Supply of Goods and Services
• SECTION 2 Time and Place of Supply
• Article 15 Time of Supply of Goods
• Article 16 Time of Supply of Services
• Article 17 Special Cases concerning Time of Supply of Goods and Services
• Article 18 Time of Importation of Goods
• Article 19 Place of Supply for Goods
• Article 20 Place of Supply of Services
• CHAPTER III ZERO TAX RATE AND TAX EXEMPTION
• SECTION 1 Application of Zero Tax Rate
• Article 21 Exportation of Goods
• Article 22 Services Supplied Overseas
• Article 23 Supply of Overseas Navigation Services
• Article 24 Supply of Goods or Services for Acquisition of Foreign Currencies
• Article 25 Principle of Reciprocity in Application of Zero Tax Rate
• SECTION 2 Tax Exemptions
• Article 26 Tax Exemptions for Supply of Tax-Free Goods or Services
• Article 27 Importation of Tax-Free Goods
• Article 28 Waiver of Tax Exemption
• CHAPTER IV CALCULATION OF TAX BASES AND AMOUNTS OF TAX
• SECTION 1 Tax Bases and Tax Rate
• Article 29 Tax Bases
• Article 30 Tax Rate
• SECTION 2 Charging in Transaction and Tax Invoices
• Article 31 Charging in Transaction
• Article 32 Tax Invoices
• Article 33 Exemption from Duty to Issue Tax Invoices
• Article 34 Time Limit for Issuing Tax Invoices
• Article 34-2 Special Cases concerning Deductions of Input Tax Amounts Based on Purchaser-Issued Tax Invoices
• Article 35 Import Tax Invoices
• Article 36 Receipts
• Article 36-2 Period Applicable to Issuance of Receipts by Simplified Taxable Persons
• SECTION 3 Amounts of Tax Payable
• Article 37 Calculation of Amounts of Tax Payable
• Article 38 Input Tax Amounts to be Deducted
• Article 39 Input Tax Amounts Not to Be Deducted
• Article 40 Pro Rata of Common Input Tax Amounts
• Article 41 Recalculation of Common Input Tax Amounts
• Article 42 Special Cases concerning Deductions of Fictitious Input Tax Amounts for Tax-Free Agricultural Products
• Article 43 Special Cases concerning Deductions of Input Tax Amounts in Cases of Converting Depreciable Assets from Tax-Free Business to Taxable Business Use
• Article 44 Special Cases concerning Deductions of Input Tax Amounts for Goods in Stock in Cases of being Converted to General Taxable Persons
• Article 45 Special Cases concerning Tax Deductions for Bad Debts
• SECTION 4 Tax Deductions
• Article 46 Tax Deductions Subsequent to Use of Credit Cards
• Article 47 Special Cases concerning Tax Deductions Subsequent to Issuance and Transmission of Electronic Tax Invoices
• CHAPTER V RETURNS AND PAYMENTS
• SECTION 1 Returns and Payments
• Article 48 Preliminary Returns and Payments
• Article 49 Final Returns and Payments
• Article 50 Returns and Payments for Importation of Goods
• Article 50-2 Deferred Payment of Value-Added Tax on Imported Goods
• Article 51 Lump-Sum Payments at Principal Places of Business
• Article 52 Payments by Proxy
• Article 52-2 Special Cases concerning Payments under Secondary Liability Related to Trust
• Article 53 Special Cases concerning Supply of Services by Foreign Entrepreneurs
• Article 53-2 Special Cases concerning Business Registration and Payment by Foreign Entrepreneurs Providing Electronic Services
• SECTION 2 Documents Required
• Article 54 Submission of Sum Table of Tax Invoices
• Article 55 Submission of Statements of Cash Sales
• Article 56 Submission of Accompanying Documents for Zero Tax Rate
• CHAPTER VI DECISIONS, RECTIFICATIONS, COLLECTION, AND REFUNDS
• SECTION 1 Decisions
• Article 57 Decisions and Rectification
• Article 58 Collection
• Article 58-2 Special Cases concerning Compulsory Collection of Trust Property
• Article 59 Refunds
• SECTION 2 Additional Taxes
• Article 60 Additional Tax
• CHAPTER VII SIMPLIFIED TAXATION
• Article 61 Scope of Application of Simplified Taxation
• Article 62 Period of Application of Simplified Taxation and General Taxation
• Article 63 Tax Bases and Tax Amounts for Simplified Taxable Persons
• Article 64 Addition of Input Tax Amounts for Goods in Stock in Cases of being Converted to Simplified Taxable Persons
• Article 65 null
• Article 66 Preliminary Imposition and Payments
• Article 67 Return and Payment by Simplified Taxable Persons
• Article 68 Decisions, Rectification, and Collection as Regards Simplified Taxable Persons
• Article 68-2 Additional Tax on Simplified Taxable Persons
• Article 69 Exemption of Simplified Taxable Persons from Payment Obligations
• Article 70 Waiver and Reapplication of Simplified Taxation
• CHAPTER VIII SUPPLEMENTARY PROVISIONS
• Article 71 Keeping and Retaining Account Books
• Article 72 Special Cases concerning Amount of Value-Added Tax
• Article 73 Tax Managers
• Article 74 Inquiries and Investigations
• Article 75 Submission of Materials
• CHAPTER IX PENALTY PROVISIONS
• Article 76 Administrative Fines

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