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What is duty(import tax)?

Posted by 이****(ip:)

Date 2021-02-10 15:44:02

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What is duty(import tax)?

*Custom import tax

 

The import tax is applied upon the items going through the Customs.

 

The tax is a system to protect domestic industry and economy.

 

For domestic (South Korea) residents importing item from overseas with the prices over 150 USD

(fees include product fee + delivery fee + insurance fee), the import tax is levied.

 

Normally for standard clothing, import tax of 13% and additional tax of 10% needs to be paid for the item to pass through Customs.

 

Example) For purchased clothing

Custom import fee: Total purchase price X 13%

Additional tax: (Total purchase price + Import fee) X 10%


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