Accurate Bookkeeping Korea

Korean e-Tax Invoices - In 2011 Korea introduced an electronic tax invoice system (e-Tax) which made the electronical issuance of VAT invoices mandatory for Korean corporate taxpayers. This article provides a short background information about the e-Tax system and gives an insight on issuance, transmission and the content of e-Tax Invoices.

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Documenting Expenses in Korea - Expenses incurred within the regular course of business are deductible, subject to availability of appropriate documentary support. This article gives an insight on which documents are defined as appropriate by the Korean authorities as well as why debit- and credit cards are the most convenient payment method to be used for incurring business expenses.

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Online Banking in Korea - Because of its convenience, Internet banking has become increasingly popular in recent years. This article gives insight into the requirements and the application process for electronic banking services in Korea. Furthermore, the necessity, issuance and use of so-called digital security certifications will be outlined.

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VAT Recovery in Korea - Under certain circumstances, foreign companies that provide non-taxable goods or services in Korea – however pay Korean VAT on local goods or services – may apply for VAT recovery. This article provides an instight into the eligiblity and documentation process of VAT reimbursement in Korea.

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ABK Ltd.
Bookkeeping and Payroll Services in Korea
2Fl. Yurim Building
24, Hannam-daero 42-gil (789-6, Hannam-dong)
Yongsan-gu, Seoul 04417, Republic of Korea

Ah Reum Kim
Representative Director 
Tel +82-(0)2-6206-9496
Fax +82-(0)2-6919-2868
Mail a.kim@abk-korea.com

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