Traveling through South Korea, a visit to Myeongdong has become mandatory, thanks to its popularity as a shopping destination. Shopping in Myeongdong is not exactly cheap but as we hop from one store to another, we learned something new that might be useful for a lot of juanderers. Shoppers in South Korea can claim refund on Value Added Tax paid for shopping items before leaving the country.
To enjoy the 10% tax refund, shoppers must purchase at least KRW30,000 worth of items at participating stores. To know if a store is participating, it should have a "Tax Free" store sign or a "Tax Free" print on the receipts. Additionally, shoppers must be foreign visitors who are staying less than 6 months in South Korea or overseas Koreans living over 2 years in a foreign country. Lastly, the purchase must have been made within 3 months of the departure date in South Korea.
To enjoy the 10% tax refund, shoppers must purchase at least KRW30,000 worth of items at participating stores. To know if a store is participating, it should have a "Tax Free" store sign or a "Tax Free" print on the receipts. Additionally, shoppers must be foreign visitors who are staying less than 6 months in South Korea or overseas Koreans living over 2 years in a foreign country. Lastly, the purchase must have been made within 3 months of the departure date in South Korea.
Logos of companies offering tax refund service |