On April 10, Heraldcorp reported that the additional 7 billion won (about 123 billion VND) of taxes imposed by the Korean National Tax Department on actor Yoo Yeon Seok had been reduced to 3 billion won (about 52.8 billion VND). The reason is that the tax is collected twice.
Yoo Yeon Seok's management company, KingKong by Starship, confirmed: "Due to the active explanation according to the correct process, the double tax was determined through a pre-tax audit and the amount of tax paid to the actor was recalculated.
Excluding corporate income tax and value-added tax, Yoo Yeon Seok actually paid in full about 3 billion won in taxes.
The agency stated that, this is not tax evasion but an issue arising from differences in views on the interpretation and application of tax laws.
Although he has paid all the taxes, Yoo Yeon Seok is also preparing legal procedures related to clarifying the difference in the way corporate tax and personal income tax are explained.
The National Tax Administration of Korea recently conducted an in-depth tax investigation into actor Yoo Yeon Seok and required him to pay about 7 billion won in additional taxes, including income tax.
This is an additional 6 billion won in taxes spent on actress Honey Lee, who was involved in a tax evasion controversy before and is attracting attention for being the largest tax collection ever that a celebrity has to bear.
According to the report, the National Tax Department determined that Yoo Yeon Seok, like Honey Lee, evaded taxes by establishing forever Entertainment, of which he was a representative.
However, Yoo Yeon Seok did not accept, asking for a pre-tax audit in January. As a result, the actor was discovered to have been taxed twice and in fact only had to pay 3 billion won in taxes. He has paid in full this amount.
KingKong by Starship further explained, "Since 2015, Yoo Yeon Seok has been developing and producing YouTube content as part of an expansion of his entertainment activities.
To manage activities on YouTube and other fields such as business operations and restaurant business, Yoo Yeon Seok established a representative company.
This problem arose when the National Tax Department determined that forever Entertainment is subject to personal income tax instead of corporate tax".
The management company once again emphasized that Yoo Yeon Seok always prioritizes fulfilling his tax payment obligations honestly and strictly complying with relevant laws and procedures as a citizen.
Yoo Yeon Seok was born in 1984, famous for many hit films such as " Reply 1994", "The Doctor of the Law", "Mr. Sunlight", "The Talented Doctors"...
Last year, Yoo Yeon Seok became the hottest actor on Korean screens, thanks to playing the lead role with Chae Soo Bin in the drama When the Phone Rings.
Recently, there was information that Yoo Yeon Seok and the "Hospital Playlist" stars will appear as guest actors in the medical drama "Resident Playbook" aired from April 12.
