Yoo Yeon-seok. Photo by Star Today DB
While the National Tax Service is known to have notified actor Yoo Yeon-seok of a tax collection of 7 billion won, Yoo Yeon-seok expressed his position that he will actively explain it in accordance with the due process.
On the 14th, Yoo Yeon-seok’s agency King Kong by Starship said, “This issue stems from differences in opinions between tax agents and tax authorities on the interpretation and application of the tax law, and is waiting for the tax authorities to notify them after a pre-taxation review. It is not currently finalized and notified, and we will actively explain issues related to legal interpretation and application in accordance with due process,” he said.
“This issue has been caused by personal income tax on the income of the corporation that actor Yoo Yeon-seok has developed and produced YouTube content as an extension of his entertainment activities and operated for the purpose of additional business and restaurant businesses based on it, as tax authorities have interpreted it as an income tax payment target rather than corporate tax,” the agency said. “Actor Yoo Yeon-seok has made fulfilling his sincere tax obligations a top priority, and will continue to thoroughly comply with relevant laws and procedures as a member of the people and fulfill his responsibilities.”
CBS No Cut News reported earlier on the same day that the National Tax Service recently announced that it would impose about 7 billion won in taxes, including income tax, on Yoo Yeon-seok through an intensive tax investigation.
This is the amount that actor Lee Ha-nee, who was previously controversial, greatly exceeded the additional 6 billion won. Like Lee Ha-nee, Yoo Yeon-seok also established his own entertainment agency Forever Entertainment, and the National Tax Service reportedly launched a tax investigation after judging that there was a tax payment problem in the process.
In respect of the disposition of the customs office, Lee Ha-nee paid the full amount of taxes that significantly exceeded the maximum tax rate under the tax law. “We will actively explain the issue of double taxation and application of legal interpretation through legal procedures,” he said.
Unlike Lee Ha-nee, Yoo Yeon-seok filed for a “pre-taxation review” in January in defiance of the notification from the National Tax Service. The pre-tax affiliation examination is a kind of objection procedure that is requested when a taxpayer has an objection to the action of the tax authorities, and internal and external members participate in making a judgment. They say they will actively explain various issues and correct the amount.
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This issue stems from differences in opinions on the interpretation and application of the tax law between tax agents and tax authorities, and is awaiting notification from the tax authorities after a pre-taxation review. Currently, it is not finally confirmed and announced, and we will actively explain issues related to legal interpretation and application in accordance with due process.
This issue occurred when personal income tax was levied on the income of the corporation, which has developed and produced YouTube content as an extension of its entertainment activities and operated for additional business and restaurant businesses based on it, as tax authorities interpreted it as an income tax payment target rather than corporate tax.
Actor Yoo Yeon-seok has made fulfilling his sincere tax obligations a top priority, and as a member of the people, he will continue to thoroughly comply with relevant laws and procedures and fulfill his responsibilities.
[Shin Young is a Star Today reporter]
