Document Number
Value-Added Tax System of Ministry of Strategy and Finance-378 ( October 15, 2011)
Items of Taxation
Addition
Journal
Where a local government constructs a comprehensive sports facility under the Korea Standard Industrial Classification (Public Notice No. 2007-53) for the purpose of preparing a sports space for all of the local residents and allows the residents to use it and receives fees therefor, it shall be subject to taxation.
Congress RESALS
If a local government constructs a comprehensive sports facility under the Korea Standard Industrial Classification (Public Notice No. 2007-53 of the Korea National Statistical Office) and allows its residents to use it and receives consideration, it shall not be eligible for tax exemption pursuant to Article 12 (1) 18 of the Value-Added Tax Act and subparagraph 3 of Article 38 of the Enforcement Decree of the same Act.
Related statutes
Article 12 of the Value-Added Tax Act
Main text
1. Factual basis
○* Viewing is to build and operate “*** National Sports Center”.