VAT Refund for Foreigners: Who Qualifies and What You Get
Learn how to reclaim the value-added tax on your shopping purchases while traveling in South Korea.
This scheme allows international visitors to reclaim the tax paid on various goods purchased during their stay in South Korea. It is designed to make shopping more affordable for those visiting from abroad by returning a portion of the tax included in the purchase price.
Who it's for
This refund system is specifically designed for foreign clients of the agency. To be eligible, you must be a visitor from another country rather than a local resident.
What you get
When you shop at participating locations, you are eligible to receive a VAT refund on your shopping. This means you can reclaim the tax portion of the price you paid for your items, effectively reducing the total cost of your purchases made during your trip.
What it costs you
There is no monetary fee to participate in this scheme. However, it does require your time and specific documentation. To successfully claim your money, you must have your physical passport with you and you must present the official tax-free store receipts provided at the time of your purchase.
The catch to know
The most important detail to remember is the timing of your claim. You cannot wait until you arrive back home to request these funds. All refunds must be processed at the airport before your scheduled departure from the country to ensure the tax is returned to you.
How to apply
- Make sure to shop only at stores that are authorized to provide tax-free shopping.
- Collect and hold onto all your original tax-free store receipts from your shopping trips.
- Ensure you have your passport available for identification purposes.
- Head to the designated refund area at the airport well before your flight departure.
- Present your passport and receipts to the staff to complete the process.