TAX REFUND FOR GLOBAL TOURIST IN SOUTH KOREA

Hello, EnthusiasTST! ✨ We are back with our newest #iTSThursday.

Who doesn’t like shopping? If we go on vacation, one of the things that we must do is shop for local product.

Good news for those who wants to go to South Korea is you can get tax refund when you are shopping for goods which is labelled as ‘Global Tax Free”.

Normally, product purchases are taxed at 10% of the price of the product. But Government of South Korea has enacted refund tax for global tourist. There are two ways to get our tax refund: when paying at the cashier, the officer will ask for a passport to be scanned or you can show the shopping receipt in Incheon Airport to the officer. To get a tax refund, you have to buy a minimum shopping at 30.000 won and with the maximum of 200.000 won.

Is this policy interesting for you, shopping lovers?

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