As of 1 March 2020, Vultr charges a 10% Value Added Tax (VAT) to customers with a tax location in the Republic of Korea.
The government of the Republic of Korea introduced a registration requirement for non- resident companies that supply taxable services to customers located in the Republic of Korea introduced 1 July 2019.
Accordingly, services provided by Vultr are subject to VAT and apply to non-VAT registered persons at the standard rate of 10%. However, this VAT charge doesn’t affect business-to-business sales once you input your valid VAT ID into your customer profile.
Your account address determines your tax location. When you sign up for services at Vultr, you will see an option to update your account information, located here.
If this information is not provided to us, by law, we are required to consider other account details, like payment addresses or IP addresses.
You can update your account address and view your account’s tax location and rate at any time on the billing page of the customer portal after logging into your Vultr Account. If you’ve set your account address correctly but your account’s tax location is not what you expect, contact support for help.
USD is our functional currency at this time. Therefore we cannot provide invoices in other currencies.