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

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