Disclaimer: This article provides general information only. Please consult a qualified tax professional for your specific situation.
Korean Airbnb hosts who regularly earn rental income generally need to register as a business. The two main options are Simplified Taxation (간이과세자) and General Taxation (일반과세자).
Key Comparison
| Item | Simplified | General |
|---|---|---|
| Revenue threshold | Under ₩104M/yr | Over ₩104M/yr |
| VAT burden | Lower (sector rate × 10%) | 10% of revenue |
| Input VAT deduction | Limited | Full deduction |
| Tax invoice issuance | Not allowed | Allowed |
For most hosts running 1–3 listings, Simplified Taxation is easier to manage. Hosts with high operating costs or multiple properties may benefit from General Taxation's full input VAT deduction.