Tax Refund for Tourists question

I read that there is a tax refund scheme in Korea for tourists.

How much(%) tax are placed on consumer goods?

How much will get refunded by the scheme?

Thanks

Tax Refund for Tourists question

I got information on tax refund at National Tax Service.

To get the tax refund, you got to buy any items at Tax Refund marked shop.

Below is the information issued by NTS.

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INFORMATION

REGARDING

TAX REFUNDS FOR

OVERSEAS VISITORS

If you are an overseas visitor and meet the following requirements, you will be entitled to a refund, on your request, of such taxes as VAT(Value Added Tax), and SET(Special Excise Tax), which are included in the price of commodities you purchase at this store.

· The commodities must be taken out of the country within 3 months of the date of purchase

· Each purchase subject to a tax refund must exceed 50,000 Won (including taxes)

The following procedures must be followed in order to obtain a refund：

· Please present your passport or other ID and write on the form provided the address to which you want the refund mailed. You will then be given two copies of the Certificate of Selling Goods and a stamped return envelope. If you wish to designate a specific currency for the refund, please choose one of the following：U.S ＄, Japaness ￥, UK ￡, West German DM, French FR

· Please present both copies of the Certificate of Selling Goods and the return envelope, together with the commodities you purchased, to the customs officer at your port of departure. The officer will check the commodities and return the purchaser\%26#39;s copy to you(please keep this copy for your reference). The officer will mail the other copy to us.

＊ If you already have sent the commodities out of the country by parcel or other means at the time of your departure, please present the receipt issued by the post office or export declaration certificate in place of the above documents.

· Please remember that you shall not receive a refund unless you present the copies of the Certificate of Selling Goods to the customs officer.

We will mail you the refund within 20 days from the date on which we receive the copy of the Certificate of Selling Goods mailed by the customs officer.

We will deduct the remittance charge and th postage, paid for the return of the Certificate of Selling goods form, form the amount to refunded.

Please allow one month or more form the date of your departure for the receipt of the refund.

In case do not receive the refund within a reasonable period of time, please contact us, the Korean Embassy in your country, or the following Korean tax authority：

Director of VAT Division

National Tax Administration

108-4, Susongdong, Chongroku

Seoul 110

Republic of Korea

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I am not sure that it is easy to get the forms or not.(I have no chance to do that because I am Korean.)

But you can ask them in accordance with above information.

Please have refunded.

www.nts.go.kr/news/news_07_01.asp…

(It is written in Korean, English and Japanese)

Tax Refund for Tourists question

Tax refund gonna be around 10% of your payments.