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On the Simplification of Submission of Taxation Data for Imported Goods Released

2025-09-07 10:12
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The Korea Customs Service will partially revise and implement the "Notice on the Operation of Customs Valuation" to reduce the burden on taxpayers and secure efficient taxation data.

 

1. Key contents:

  • Introduction of a system for bulk submission of tax price declaration data: The existing obligation to submit vast amounts of data will be significantly simplified, allowing only companies in 8 fields to submit at least one tax data per field once a year.
  • Reduction of taxpayer burden: Honest and small-scale import companies are exempted from data submission, and duplicate data submission is minimized. Companies that report honestly are excluded from tax audits and customs investigation selection.
  • Strengthening of system enforcement: If companies subject to submission do not comply with data submission requests, sanctions such as cancellation of monthly payment company approval and priority selection for customs investigations will follow.

2. Detailed content citation:

1.  To expand the convenience of taxpayer reporting, tax cooperation program companies* (AEO, ACVA) and small-scale import companies with tax performance** of less than 500 million won in the previous year are exempted from submitting tax data.
    * AEO: Authorized Economic Operator, ACVA: Advance Customs Valuation Arrangement for related parties
    ** Login to the electronic customs clearance system (UNI-PASS) ▷ Information Inquiry ▷ Company Performance ▷ Export Import Refund Tax Performance ▷ Performance Inquiry (January∼December of the previous year)
 2. In cases of repeated imports under the same conditions* between the same seller and buyer, tax data is submitted only for the first declaration of the year, and for subsequent declarations, only the import declaration number of the first submitted data is recorded. 
* Even if the items are different, if they are proven with the same tax data (contracts, statements, etc.), they are considered 'under the same conditions' 
 3. For transactions requiring confirmation of price declaration content, such as related party transactions, royalties, commissions, etc., in 8 fields*, the submission standard for tax data is specified as 'at least one per field', and if the import transaction does not fall into the 8 fields, data submission is replaced with a 'statement of reasons for non-submission of tax data' to minimize the burden of data submission. 
* ①Royalties, ②Production support, ③Commissions, ④Freight · Insurance, ⑤Container · Packaging costs, ⑥Post-acquisition benefits, ⑦Indirect payments, ⑧Related party transactions
 4. If there is a delay in preparing tax data, submission of a 'statement of reasons for delayed submission of tax data' is allowed to ensure that there is no hindrance to prompt customs clearance.

3. Effective date: The revised notice will be implemented from July 1, and the 'system for bulk submission of tax price declaration data' will be applied from September 1 after a two-month grace period.

 

The Korea Customs Service expects that this revision will enhance taxpayer convenience and protect companies from unexpected large-scale additional charges by correcting reporting errors early. In addition, an explanatory session will be held to ensure smooth implementation of the system.


[This content regarding export and import clearance regulations and their interpretations is based on the customs and trade laws of the Republic of Korea.]

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Thank you!

JJ Goh
Representative Customs Broker
NPU Customs Consulting
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