In connection with the partial amendment of the Enforcement Decree of the Individual Consumption Tax Act (effective February 28, 2025), the flexible individual consumption tax rate applies as set out below. Please refer to it in your work.
As follows:
o Goods: Motor vehicles (goods under Annex 1, item 5, subitems (a) through (d) of the Enforcement Decree of the Individual Consumption Tax Act) (511100, 512000, 513000)
o Flexible rate applied: 35/1,000
* Application limit (tax amount at the basic rate – tax amount at the flexible rate): KRW 1,000,000 per customs item
o Application period: Imports from January 3, 2025 to June 30, 2025
* Imports from January 3 to February 27, 2025: Refund of the 5% basic rate paid on these imports (Addenda to the Enforcement Decree of the Individual Consumption Tax Act)
* The Korea Customs Service system is scheduled to reflect the change at 20:00 on February 27, 2025
o Other inquiries
– System inquiries: UNI-PASS Technical Support Center (1544-1285, dial within Korea; Korea Customs Service English website: https://www.customs.go.kr/english/main.do)
– Business inquiries: Korea Customs Service Examination Policy Division (+82 42-781-7863), Tax Source Examination Division (+82 42-481-7644)