Additional 2601-583 (Law No. 45,01)

Addition

If a business operator registered as a general taxable person supplies goods or services (real estate rental business), the value-added tax calculated by applying the tax rate of 10% to the tax base under Article 13 of the Value-Added Tax Act shall be collected from the person who receives

1. If an entrepreneur registered as a general taxable person supplies goods or services (limited to a real estate rental business), the value-added tax calculated by applying the tax rate of 10% to the tax base under Article 13 of the Value-Added Tax Act shall be collected from the person who is supplied with the goods or services, and 2. In this case, the entrepreneur shall deliver the tax invoice under Article 16 (1) of the Value-Added Tax Act to the person who is supplied with the goods or services. In this case, if the person to whom the tax invoice is issued is the entrepreneur, he may deduct the input tax amount on the tax invoice delivered from his output tax amount under Article 17 (1) of the Value-Added Tax Act.

Article 13 of the Value-Added Tax Act

1. A summary of the contents of inquiry;

The author has leased an office in 00,000 won on a monthly basis in ○○○○○-si located in ○○○○○-si.

However, the lessor will pay 10% of the additional tax on the tax base of 10% on the tax base of 10%.

(a) Whether the lessee should substitute for an additional tax;

(b) whether the value-added tax may be refunded at the time of the payment. The procedure will be audited at the Haak-si, what would be, if any;

2. Relevant tax-related Acts and subordinate statutes (Acts, Enforcement Decree, Enforcement Rule, and General Provisions);

○ Article 13 of the Value-Added Tax Act

○ Article 15 of the Value-Added Tax Act

○ Article 16(1) of the Value-Added Tax Act

○ Article 17(1) of the Value-Added Tax Act