Traditional Culture Encyclopedia - Hotel reservation - How to calculate the tax rebate in Korea

How to calculate the tax rebate in Korea

The amount of tax refund in Korea is calculated according to 5%~8% of the purchase amount.

According to the Korean tax refund policy, 5%~8% of the purchase amount will be used as the tax refund amount. The specific tax refund ratio depends on the types of goods purchased and the amount of shopping. Generally speaking, the tax rebate rate for purchasing high-value goods is higher, and the tax rebate rate for purchasing low-value goods is lower.