Posts about “South Korea”


Digital tax rules in operation across the globe

Wed, Aug 30, 2017
VAT, GST, consumption tax, sales tax, use tax – no matter what term, or name, is used it is clear that the taxation of the digital economy is growing in popularity. Here we outline the tax jurisdictions where such destination-based indirect tax rules are in place. European Union Value-Added Tax (VAT) rate: 28 EU Member State VAT rates - taxation depends on location of the consumer In January 2015 new rules on the taxation of cross-border supplies of digital services to EU-based consumers came into force.

Taxamo now supports South Korean VAT compliance

Tue, May 31, 2016
South Korea has long been admired as a digital economy visionary so it’s with great pleasure that we reveal our support for South Korean VAT compliance. We understand that South Korea is a key marketplace for digital service merchants and compliance with the local tax laws is non-negotiable. Now, with Taxamo, merchants can achieve this compliance without major upheaval to their existing strategies and systems. We have distilled our international digital tax compliance solution into one simple integration.