From 1 July 2015, foreign suppliers of e-services to Korean customers must register for and charge value added tax (VAT 10%) on their supplies, including games, music, video, electronic documents or software that are stored on a computer or other electronic device or are accessible through a computer or device in real time without being stored. VAT applies for both B2B and B2C supplies.
There is no registration threshold and suppliers must register within 20 days of the first supply of servi…