Choose whether you're entering a VAT-exclusive amount (supply price) or a VAT-inclusive amount (total price), enter the amount and VAT rate, and instantly calculate the supply price, VAT amount, and total price.
Korea's statutory VAT rate has been a flat 10% ever since the VAT Act took effect in 1977. This field is editable rather than hard-coded, so you can also use it for other countries' VAT/consumption tax rates or any other percentage-based rate.
Enter the details above to calculate the result.
Supply price = the price before VAT. VAT amount = supply price × VAT rate. Total price = supply price + VAT amount. This calculator works on a single item or invoice basis. If you're a simplified taxpayer or filing an actual VAT return, the amount payable also depends on your business type's value-added rate and input tax credits — check the National Tax Service's Hometax (hometax.go.kr) or consult a tax professional for actual filing.