Simplified VAT taxpayer threshold

₩104,000,000KRW, annual supply value

Below this line you file once a year at an effective rate of 1.5–4% instead of a flat 10%. It is the single largest structural difference in Korean VAT for a small business.

Applies to: Individual businesses. Corporations cannot use the simplified regime at all.
Review cadence: Checked once a year

What we have recorded

2026-08-31
₩104,000,000
Raised from ₩80,000,000. Recorded at the date this site first verified it, not the date it changed.
National Tax Service

One reading so far. This becomes a history the first time the figure moves while we are watching — which is the part that cannot be reconstructed later.

Guides that depend on this figure

Freelancing in Korea Legally: The 3.3% System
Korean VAT for Small Business Owners
Registering a Business Credit Card on Hometax
Registering a Business in Korea as a Foreigner
Sole Proprietor vs Corporation in Korea for Foreigners

When this figure moves, every guide above needs the same edit. That is why it is tracked here rather than copied into each one.