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Regulatory updates - South Korea

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for South Korea.

Country Specifications

E-Invoicing/CTC Model:

RTIR

Mandatory Infrastructure:

National Tax Service (NTS)

Mandatory Format:

Local XML

Mandatory for Issuing:

Mandatory for:

– All Corporate Business Entities

– Individual Entrepreneurs – with thresholds KRW 200 million, KRW 100 million (ca. EUR 73 000) from July 2023

Mandatory for Receiving:

Buyer’s consent required

eSignature:

Required

Archiving Period:

5 years

Immovable property: 10 years

Archiving Abroad:

Allowed under conditions

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