PangPang ToolsTax-inclusive total 110; rate 10%
Net 100; tax 10; total 110Dividing 110 by 1.1 separates the included tax. Subtracting 10% directly from 110 would give the wrong net price.
Finance & Tax
VAT & sales tax calculator
About this tool
Switch between a price before tax and a total that already includes tax. The calculation shows the net amount, tax component and total side by side, so the direction of the calculation stays clear. You supply the applicable rate; the tool does not determine whether an item is taxable.
Income, gift & customs taxes
Choose a task. Inputs stay in this page only.
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Result
Worked examples
MAKE IT SIMPLE
Result
Worked examples
Taxable income after deductions (KRW): 50000000, Verified tax credits (KRW): 0, Tax already prepaid/withheld (KRW): 0
Before-credits national income tax: 6,240,000 KRWIllustrative default-input result. Uses NTS published individual income tax progressive brackets on an already-computed taxable income base; deductions, tax credits, and local income tax not included.
Questions & answers
Is this an official determination or guaranteed result?
No. Uses NTS published individual income tax progressive brackets on an already-computed taxable income base; deductions, tax credits, and local income tax not included.
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Result
Worked examples
Gifted value (KRW): 300000000, Other taxable additions (KRW): 0, Remaining available deduction (KRW): 50000000
Combined value subject to deduction: 300,000,000 KRWIllustrative default-input result. Applies NTS 10–50% gift tax brackets after user-verified 10-year remaining gift deduction. Prior gifts, generation skip surtax and credits not automatically modeled.
Questions & answers
Is this an official determination or guaranteed result?
No. Applies NTS 10–50% gift tax brackets after user-verified 10-year remaining gift deduction. Prior gifts, generation skip surtax and credits not automatically modeled.
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Result
Worked examples
Estate KRW 1,500,000,000; deductible liabilities KRW 100,000,000; verified allowance KRW 500,000,000
Net estate KRW 1,400,000,000; taxable base KRW 900,000,000; pre-credit estimate KRW 210,000,000KRW 1.4 billion less the entered KRW 500 million allowance leaves KRW 900 million. The example applies the calculator's progressive bands, not an individualized tax ruling.
Estate KRW 700,000,000; deductible liabilities KRW 100,000,000; verified allowance KRW 500,000,000
Net estate KRW 600,000,000; taxable base KRW 100,000,000; pre-credit estimate KRW 10,000,000The resulting KRW 100 million taxable base is multiplied by the calculator's first-band rate for this illustration.
Questions & answers
Does the tool calculate which inheritance allowances I qualify for?
No. Enter only an independently verified allowance amount. Family status, estate structure, lifetime gifts and the applicable tax rules require separate review.
Is the displayed pre-credit estimate the amount I must pay?
No. Additional inclusions, exclusions, credits, filing and valuation requirements can change the actual Korean inheritance-tax calculation. Consult NTS guidance or a qualified adviser.
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Result
Worked examples
Gross severance payment (KRW): 90000000, Verified retirement income deductions (KRW): 45000000, Verified effective tax rate (%): 8, Tax previously withheld (KRW): 0
Illustrative taxable retirement base: 45,000,000 KRWIllustrative default-input result. A rate-based illustration using user-verified retirement income taxable base and effective tax rate; it does not calculate statutory retirement-yearly aggregation.
Questions & answers
Is this an official determination or guaranteed result?
No. A rate-based illustration using user-verified retirement income taxable base and effective tax rate; it does not calculate statutory retirement-yearly aggregation.
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Result
Worked examples
Goods purchase price (USD): 250, Dutiable shipping/insurance (USD): 20, Customs exchange rate KRW/USD: 1400, Verified duty (%): 8, Verified import VAT (%): 10
Estimated customs valuation: 378,000 KRWIllustrative default-input result. Manual HS-category tariff duty and VAT rates; US preferential list clearance $200 vs standard $150 do not apply to all item types. This estimator is not customs classification.
Questions & answers
Is this an official determination or guaranteed result?
No. Manual HS-category tariff duty and VAT rates; US preferential list clearance $200 vs standard $150 do not apply to all item types. This estimator is not customs classification.
MAKE IT SIMPLE
Result
Worked examples
Income tax before credits, Verified credits, Tax already withheld, Local settlement ratio (%)
Calculate entered parametersCompare user-confirmed determined tax, credits and withheld tax. Does not independently determine Korean filing eligibility or statutory deductions.
Questions & answers
Is this an officially certified result?
Compare user-confirmed determined tax, credits and withheld tax. Does not independently determine Korean filing eligibility or statutory deductions.