Yoo Yeon Seok’s company has launched an official assertion addressing reviews of a tax investigation involving the actor.
Earlier right now, it was reported that the Nationwide Tax Service had performed an intensive tax audit on Yoo Yeon Seok and just lately notified him of plans to impose an extra tax payment of round 7 billion received (roughly $4.8 million).
The audit reportedly stemmed from tax issues associated to the institution of Perpetually Leisure, an company based by Yoo Yeon Seok.
In keeping with the report, Yoo Yeon Seok has contested the tax ruling and filed a pre-assessment attraction in January. His authorized representatives have acknowledged their intent to actively make clear the matter in the course of the overview course of to rectify the imposed tax quantity.
On March 14, his company KINGKONG by STARSHIP issued an official assertion addressing the state of affairs:
This matter arose because of differing interpretations and functions of tax legislation between our tax representatives and the tax authorities. We’re at present awaiting the tax authority’s last ruling following the pre-assessment overview. As this isn’t but a confirmed or finalized choice, we plan to actively current our case by way of the correct authorized procedures.
The problem stems from the Nationwide Tax Service classifying the previous 5 years of income from Yoo Yeon Seok’s YouTube content material growth and manufacturing—established as an extension of his leisure profession—in addition to extra enterprise and meals ventures constructed upon it, as topic to non-public revenue tax fairly than company tax. This resulted in private revenue tax being levied on earnings that had already been totally reported as company revenue by his tax representatives.
Yoo Yeon Seok has at all times prioritized fulfilling his tax obligations with integrity and can proceed to abide by all related legal guidelines and procedures as a accountable citizen.
