How Can I get a tax refund in Seoul?

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If you’re planning a trip to Seoul, the vibrant capital of Korea, it’s important to be familiar with the process of getting a tax refund. It can help you save money on purchases and make your trip more enjoyable. This article will guide you through the steps of getting a tax refund in Seoul while ensuring a smooth shopping experience.

An understanding of the tax refund system.

It is essential to understand Seoul’s tax refund system before going into the details of how to claim a tax refund. In Korea, most goods and services, including shopping, are subject to VAT.

The tax refund scheme allows nonresident travelers to claim a refund on VAT paid for eligible goods purchased during the visit. Keep this in mind while shopping, as not all purchases are eligible for tax refunds.

Tax refund qualification.

To be eligible for a tax refund in Seoul, you must meet the following requirements:

1. Becoming a Nonresident of Korea: Only short-term travelers to Seoul or Korea receive a tax refund.

2. Buy at Designated Tax Refund Stores: Look for stores that display “Duty Free Shop” or “Global Blue” signs. These stores are equipped with the facilities needed to process tax refunds.

3. Use Minimum Amount To receive a tax refund, you must use the minimum amount in one transaction. It is recommended to check with the store in advance, as the minimum purchase amount may vary.

4. Holding a Passport: Make sure you have a passport when you make a purchase. Stores may ask to check if you are eligible for a tax refund.

Tax refund procedure.

Now that you know the eligibility criteria, let’s take a look at the step-by-step process of getting a tax refund in Seoul:

1. Shop at designated tax refund stores: Look for stores with tax refund facilities. These stores usually have signs or stickers indicating that they have participated in a tax refund program. Buy them at this store.

2. Request a Tax Refund Form: When making a payment, tell the cashier that you want to request a tax refund. They will provide a tax refund form, known as a “Duty Free Shopping Check.”

3. Required Information: Enter your personal information, including your name, passport number, and nationality, on your tax return. Make sure that the information is accurate and readable.

4. Make a purchase confirmation: You may want to see items purchased in the tax refund form in the store prior to the refund processing. Please keep the items conveniently for verification.