Question 1

What is the import duty rate for Motorcycles & Scooters in South Korea?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Motorcycles & Scooters (HS 8711) in South Korea is 8% on the CIF value. HS 8711. MFN 8%.

Question 2

Is VAT charged on Motorcycles & Scooters 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 Motorcycles & Scooters in South Korea?

Accepted Answer

Yes. 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 Motorcycles & Scooters 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 8% is applied to this value. VAT (10%) is then applied on the CIF value plus duty.

South Korea Import Duty Rate for Motorcycles & Scooters

How duty is calculated

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Motorcycles & Scooters duty rates in other markets