https://barun-tax.com/en/tags/korea-simplified-taxpayer-card-receipt-vat/Recent content in Korea Simplified Taxpayer Card Receipt Vat on Barun Tax & AccountingHugoen-USWed, 21 Oct 2026 00:00:00 +0000https://barun-tax.com/en/blog/2026-10-15-vat-input-deduction/Thu, 15 Oct 2026 17:40:00 +0900https://barun-tax.com/en/blog/2026-10-15-vat-input-deduction/<p>Even for business costs, you <strong>cannot deduct input VAT (매입세액) on spending with no tax invoice, entertainment expenses, regular passenger cars with 8 seats or fewer, or spending tied to an exempt business or land.</strong> Even if you paid by card, the VAT is often not deductible when the seller is an exempt business or a simplified taxpayer. If you deduct input VAT that you could not deduct, the tax is recovered later with a penalty tax (가산세).</p>