Importing Japanese Used Cars Into South Korea
WHAT YOU CAN IMPORT
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Go To TopHOW MUCH IT WILL COST
Determination of Customs Value;
- CIF price (the price of the car + insurance fee + freight rates)
Taxes imposed on the Car;
1) customs duty : the Value x 8%
2) special consumption tax : (the Value + customs duty) x 7~14% depends on the engine
3) education tax : 3) x 30%
4) VAT : (the Value + 1 + 2 +3) x 10%
5) Sum : 1) + 2) + 3) + 4)
LINKS FOR SOUTH KOREA
Korea Customs
KOTSA
Korean Embassy
Return to Asia