개인사업자 (sole proprietor)South Korea
What it takes to form, own and run a sole trader in South Korea, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
The registry’s and the law’s own pages do not mention it.
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해당 과세기간의 종합소득금액이 있는 거주자(종합소득과세표준이 없거나 결손금이 있는 거주자를 포함한다)는 그 종합소득 과세표준을 그 과세기간의 다음 연도 5월 1일부터 5월 31일까지
Form it
Who registers it
- Registry
- 국세청 and the tax office (business registration under the VAT Act); no court-registry company entry was read
- Formed without visiting
- Not in our records
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the 개인사업자 (sole proprietor).
Own it
Who may own and run it
Not in our records Directors, Shareholders, Members, A local company secretary, A local registered agent: none of these is in our records for the 개인사업자 (sole proprietor).
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the 개인사업자 (sole proprietor).
Important dates
When each obligation falls due, as the authority states it.
- Comprehensive income tax return of the owner
- 31 May
With the tax office with jurisdiction over the tax address
The window runs 1 May to 31 May of the year after the tax year; the rule records the last day.
- Business registration application
- 20 days after incorporation
With the tax office with jurisdiction over the business place
Within 20 days of the day business begins; may be filed before opening.
What is public
Not in our records What the register shows the public is not in our records for the 개인사업자 (sole proprietor).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners · 6–45%
The owner is taxed on the business income in the comprehensive income tax (종합소득세); rates for 2023-2025 attribution years as published by the NTS
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해당 과세기간의 종합소득금액이 있는 거주자(종합소득과세표준이 없거나 결손금이 있는 거주자를 포함한다)는 그 종합소득 과세표준을 그 과세기간의 다음 연도 5월 1일부터 5월 31일까지
- CFC rules in South Korea
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the 개인사업자 (sole proprietor).
Every business in South Korea
VAT
- The tax
- VAT (value added tax)
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일반과세자의 부가가치세 세율 일반과세자의 부가가치세 세율 : 업종, 세율 포함 업종 세율 모든 업종 10%
- Standard rate
- 10%
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일반과세자의 부가가치세 세율 일반과세자의 부가가치세 세율 : 업종, 세율 포함 업종 세율 모든 업종 10%
- Other rates
- Not stated
- Registration threshold
- No threshold: from the first taxable supply
no turnover threshold: registration is due before business starts or within 20 days of starting, for every business place
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사업개시 전 또는 사업을 시작한 날로부터 20일 이내에 구비서류를 갖추어 관할세무서 또는 가까운 세무서 민원봉사실에 신청하여야 함
- Voluntary registration
- No
Registration has no turnover threshold, so there is no below-threshold voluntary registration; an application may be filed before the business starts.
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사업개시 전 또는 사업을 시작한 날로부터 20일 이내에 구비서류를 갖추어 관할세무서 또는 가까운 세무서 민원봉사실에 신청하여야 함
- A foreign company
- Registers from its first taxable supply
The 20-day registration rule carries no turnover condition, so a business with no establishment registers from its first taxable supply. The NTS page for foreign suppliers of electronic services is drawn by script on Hometax and could not be read, so a representative requirement is unrecorded.
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사업개시 전 또는 사업을 시작한 날로부터 20일 이내에 구비서류를 갖추어 관할세무서 또는 가까운 세무서 민원봉사실에 신청하여야 함
- Returns filed
- Quarterly
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일반적인 경우 법인사업자는 1년에 4회, 개인사업자는 2회 신고하며 과세기간 중에 월별 조기환급 신고를 한 경우에는 해당기간의 실적은 제외하고 신고하여야 합니다.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
2 services name South Korea on their own list: Paysera, Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Sole traderDerived our grouping, the same words in every country
- Name in law
- 개인사업자 (sole proprietor)
- ISO 20275 code
- GF7GSecondary GLEIF, Entity Legal Forms code list