South Korea e-service foreign intermediaries VAT liabl

Sat 25th Jun 2016

The South Korean tax office has ruled that non-resident online market place intermediaries are liable to collect VAT on e-services provided to consumers. This obligation is triggered where the intermediary receives the consumer payment on behalf of the service provider.

South Korea introduced the obligation for non-resident digital services providers to register and charge 10% VAT in July 2015.