Question 1

What is the import duty rate for Tyres & Pneumatic Tyres in South Korea?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Tyres & Pneumatic Tyres (HS 4011) in South Korea is 8% on the CIF value. HS 4011. MFN 8%.

Question 2

Is VAT charged on Tyres & Pneumatic Tyres 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 Tyres & Pneumatic Tyres 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 Tyres & Pneumatic Tyres 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 Tyres & Pneumatic Tyres

How duty is calculated

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Tyres & Pneumatic Tyres duty rates in other markets