VAT Refund Tax Savings Calculator

VAT Refund Tax Savings Calculator helps estimate Korea-related VAT, input tax, refund, or prepayment scenarios in English.

VAT refund and tax-saving inputs

VAT payable

₩330,000

Effective rate 0.3%.

Output VAT

₩12,000,000

Zero-rated sales VAT ₩0.

Deductible input VAT

₩9,600,000

Vehicle excess ₩0.

Other credits

₩2,070,000

Card and e-invoice credits are capped by Korean rules.

Runs the Korean VAT refund model with output VAT, input VAT, fixed-asset and vehicle limits, card-sales credit, e-invoice credit, simplified-taxpayer comparison, prepaid tax, and warning logic. This English calculator calls the same pure tax calculation function used by the Korean page. Inputs and labels are translated; the formula is not replaced by a generic value-times-rate stub.

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VAT refund and tax saving calculator

This English page translates the Korean VAT refund guide and keeps output VAT, input VAT, fixed-asset purchases, card credits, e-invoice credits, simplified-taxpayer comparison, and prepaid tax.

Output and input VAT

General VAT is calculated at 10 percent. If sales are entered as VAT-included, the model first converts the amount to supply value before applying output VAT. Zero-rated sales remain at 0 percent VAT but still affect the refund structure.

Purchases are split into general purchases, fixed assets, business vehicle purchases, card purchases, and non-deductible purchases. The business-vehicle deduction uses the annual KRW 10 million limit, so the deductible input VAT may be lower than the invoice VAT.

Credits and simplified taxpayer rules

The Korean guide preserves the KRW 104 million simplified-taxpayer threshold and the KRW 48 million payment-exemption threshold. Simplified taxpayers do not receive refunds in the same way as general taxpayers, so the comparison is shown separately.

Card-sales tax credit is calculated at 1.3 percent under KRW 1 billion and 0.65 percent over KRW 1 billion, with food and accommodation retaining the 1.3 percent rate in the over-KRW 1 billion case. Electronic invoices add KRW 200 per invoice, capped at KRW 1 million per year.

Refund reading

The final amount is positive when VAT is payable and negative when a refund is expected. Prepaid tax is subtracted after output VAT, input VAT, and other credits are calculated.

Use the result before buying fixed assets, timing purchases around a VAT period, or deciding whether simplified taxpayer status is still beneficial. A refund result can change when a purchase is non-deductible or a vehicle exceeds the deduction limit.