South Korea

Regulations

E-invoicing in South Korea

South Korea is on our future roadmap.

‍Current and upcoming e-invoicing regulations

• Mandatory e-invoicing with clearance reporting model for certain taxpayers: An issued e-tax invoice must be transmitted to the National Tax Service (NTS) within one day of the invoice being issued

• Invoice data is reported to the NTS in XML format

• Invoices and amended invoices (credit and debit notes) are in the scope

• Applies to domestic transactions only. Cross border transactions are out of scope