VAT Comparison: Simplified vs. General Taxpayer
Compare VAT owed as a simplified taxpayer vs. the input-tax refund you'd get as a general taxpayer
Compares the VAT a simplified taxpayer owes against the input-tax refund a general taxpayer would receive, based on your annual sales and purchase amounts.
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How to use
- Enter your annual sales and purchase amounts.
- Choose your industry's value-added rate (15%–40%) to compare the tax owed vs. refunded.
FAQ
- Do simplified taxpayers with annual sales under ₩48 million pay no VAT at all?
- Correct — simplified taxpayers with annual supply value under ₩48 million are exempt from VAT payment.
- When does a simplified taxpayer get switched to general taxpayer status?
- If your prior year's supply value exceeds ₩104 million, you're automatically converted to a general taxpayer starting the following year.
- Can simplified taxpayers also deduct input tax on purchases?
- Yes, but only up to their industry's value-added rate applied to purchases — a much smaller deduction than what general taxpayers get.