Seoul High Court 2012Nu6560 (20 December 2012)

early 2011west 1033 (201.08)

(Trial without Continuation) The fact that the value-added tax is not exempted for the loan recruitment service.

(Main) The loan recruitment service in this case, which the Plaintiff entered into a business entrustment agreement with a mutual savings bank, does not constitute a "financial product sales agency" exempt from value-added tax, a "mutual savings bank business under the Mutual Savings Banks Act" or a "financial credit business", and the objective nature of the loan recruitment service does not constitute a financial or insurance service.

Article 12 of the Value-Added Tax Act and Article 33 of the Enforcement Decree thereof.

2012du2443. Disposition of revocation of revocation of Value-Added Tax Correction

AAAA Stock Company

Head of Central Tax Office

Seoul High Court Decision 2012Nu6560 Decided September 20, 2012

The appeal is dismissed.

The costs of appeal are assessed against the Plaintiff.

Although examining the grounds of appeal in comparison with the records of this case and the judgment of the court below, the argument on the grounds of appeal is deemed not to include or not acceptable the grounds stipulated in each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Procedure for Appeal. Therefore, the appeal is dismissed and it is so decided as per Disposition

Reference materials.

If the grounds for final appeal are not included in the grounds of appeal that make it appropriate for the court of final appeal to become a legal trial, such as matters concerning significant violation of Acts and subordinate statutes, etc., the system of final appeal will not continue to proceed with the deliberation on the merits of the grounds for final appeal, but will not proceed with the deliberation on the merits of the grounds for final