Question 1

What is the import duty rate for Cosmetics & Skincare in South Korea?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Cosmetics & Skincare (HS 3304) in South Korea is 6.5% on the CIF value. HS 3304. MFN 6.5%.

Question 2

Is VAT charged on Cosmetics & Skincare imports to South Korea?

Accepted Answer

Yes. South Korea charges VAT at 10% on the CIF value plus any import duty. This applies to virtually all commercial imports.

Question 3

Are there FTA rates available for Cosmetics & Skincare in South Korea?

Accepted Answer

Yes. Korea–EU/KORUS: 0%. KORUS (US), Korea–EU FTA, Korea–UK FTA, RCEP, Korea–ASEAN FTA, Korea–China FTA (CKFTA) are the key agreements — verify origin requirements with your customs broker.

Question 4

How is import duty calculated for Cosmetics & Skincare entering South Korea?

Accepted Answer

Duty is calculated on the CIF value of the goods. CIF value includes the product cost, international freight, and insurance. The MFN duty of 6.5% is applied to this value. VAT (10%) is then applied on the CIF value plus duty.

South Korea Import Duty Rate for Cosmetics & Skincare

How duty is calculated

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Cosmetics & Skincare duty rates in other markets