Seoul High Court 2012Nu39379 ( December 06, 2013)

Cho High Court Decision 201Do2583 (O. 27 March 2012)

(1)A credit information service provided by the applicant corporation operating the banking business shall not constitute a financial service exempt from value added tax.

(1)As the business of the Requested Party is included in the financial business and credit information services or similar services among the services falling under the financial business are not considered as the financial business exempt from value added tax, the disposition imposing value added tax by deeming the issues as those excluded from the exemption from value added tax is legitimate.

Article 12 of the Value-Added Tax Act

2014du199. Revocation of disposition to impose value-added tax

AA Asset Management Company

Gangwon-gu Director of the District Office

Seoul High Court Decision 2012Nu39379 Decided December 6, 2013

The appeal is dismissed.

The costs of appeal are assessed against the Plaintiff.

All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but it is clear that the assertion on the grounds of appeal by the appellant constitutes Article 4 of the Act on Special Cases Concerning the Procedure for Appeal and therefore, the appeal is dismissed under Article 5 of the above Act. It is so decided as per Disposition by