South Korea
HOMETAX Live Updated 2025-12-20
Baseline
HOMETAX Electronic Tax Filing & e-Tax Invoice
South Korea mandates electronic VAT return filing through the National Tax Service (NTS) HOMETAX platform. The e-Tax Invoice system requires all businesses above the threshold to issue electronic tax invoices that are reported to NTS, enabling pre-populated VAT returns.
Key Dates
2011e-Tax Invoice mandatory for corporations
2014e-Tax Invoice extended to individual businesses above KRW 300M
2024Threshold lowered to KRW 100M, expanding coverage
Who is in scope
All VAT-registered businesses for VAT filing. E-Tax Invoice mandatory above turnover threshold.
Process
Business issues e-Tax Invoice -> reported to NTS within 1 day -> NTS aggregates data -> pre-populated VAT return available on HOMETAX -> business reviews and files.
Official Sources
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