Immediate Tax Refund
Immediate Tax Refund
V.A.T. refund amount is deducted from the price immediately in store
Total amount per Tax Free Form must be under KRW 1,000,000. Total amount per tourist must be up to KRW 5,000,000
Tax Refund Procedure
step
01
Confirmation of Immediate Tax Refund Eligibility
Verify qualification for immediate tax refund by scanning a passport
step
02
Payment Deduction
Pay the V.A.T. refund amount deducted price of goods.
step
03
Customs Validation
When leaving, show purchased goods, tax refund form, and passport to the customs to get export validation.
Who can get a tax refund?
Eligible
Minimum purchase amount of KRW 15,000 and must depart from Korea within three month of purchasing date
Foreigner (Stayed in Korea less than six months)
Overseas Resident (two or more years of foreign residence / less than three months of residency in Korea)
Who has no income in Korea