About VAT in South Korea
2 min read
From July 14, 2021, Wix.com started charging Value Added Tax (VAT) on our services to customers in South Korea, in accordance with the South Korean tax code.
If you are a VAT registered business in South Korea with a VAT number from the South Korean National Tax Service, you may be eligible for a tax exemption.
You can add your VAT number to your Wix account by updating your payment details. The exemption will apply from the next payment after that date.
In this article, learn more about:
Updating your payment details
Update your payment details in your Wix account by adding your VAT number to get your tax exemption.
To update your payment details:
- Go to your Premium Subscriptions page.
- Click the Show More icon next to the relevant subscription.
- Click Update Payment Method.
- Select the subscriptions you wish to update and click Next.
- Click Edit Details.
- Re-enter your card details and add your VAT Number to the VAT ID field.
- Click Update.
FAQs about VAT in South Korea
What is the tax identification number?
VAT is the abbreviation of Value Added Tax. VAT is in general due when goods and/or services are sold. A Business Registration Number is a unique 10-digit number XXX-XX-XXXXX) that identifies a person/entity as being registered for VAT in Korea.
What happens if I do not have a tax identification number?
Wix will charge and collect VAT.
How does Wix determine which customers are subject to South Korean tax?
The tax charge is based on the billing account address.
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