Question 1

What is the import duty rate for Laptops & Computers in South Korea?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Laptops & Computers (HS 8471) in South Korea is 0% on the CIF value. ITA — 0% MFN.

Question 2

Is VAT charged on Laptops & Computers 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 Laptops & Computers in South Korea?

Accepted Answer

South Korea has free trade agreements with KORUS (US), Korea–EU FTA, Korea–UK FTA, RCEP, Korea–ASEAN FTA, Korea–China FTA (CKFTA). Check whether your origin country qualifies for a preferential rate on HS 8471.

Question 4

How is import duty calculated for Laptops & Computers 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 0% is applied to this value. VAT (10%) is then applied on the CIF value plus duty.

South Korea Import Duty Rate for Laptops & Computers

How duty is calculated

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Laptops & Computers duty rates in other markets