APAC · NTS (National Tax Service)
South Korea
World's first universal e-invoicing mandate (2011 onward). All corporate taxpayers and individual businesses above threshold must issue e-Tax invoices via NTS or intermediaries. Threshold lowered repeatedly.
// Phased rollout
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01 Jan 2011 · liveCorporate mandateAll corporate taxpayers.
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01 Jan 2012 · liveIndividual ≥ KRW 1bnInitial individual threshold.
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01 Jul 2024 · liveThreshold ≥ KRW 100mCurrent threshold for individual taxpayers.
// Penalties
1-2% of supply value for non-issuance; reduced after correction.
// ERP implementation notes
SAP S/4HANA (incl. DRC) & SAP ECC
SAP DRC South Korea: KR_INVOICE; NTS Hometax submission via SAP CPI.
// Frequently asked questions
When does South Korea e-invoicing become mandatory?
See the phased rollout section above for the full schedule. The South Korea mandate is administered by NTS (National Tax Service).
What schema does South Korea use for e-invoicing?
South Korea uses e-Tax Invoice (XML). Transmission: NTS Hometax, Authorised intermediaries.
Which ERPs support South Korea e-invoicing today?
See the ERP implementation notes section above. Cloudare implements e-invoicing on Oracle Fusion, Oracle EBS, NetSuite, SAP, MS Dynamics, Zoho, Odoo, Sage, QuickBooks, and Tally — each with country-specific guidance.
What is the archive retention period for South Korea e-invoices?
5 years from end of tax period.