Cho Jin-woong, 1.1 billion additional tax, difference in interpretation of the agency's tax law, full payment completed
Mar 22, 2025
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On the 22nd, Cho Jin-woong's agency, People Entertainment (hereinafter referred to as 'People Entertainment') said, `Cho Jin-woong was levied about 1.1 billion won during the tax authorities' regular tax audit and paid the full amount of tax imposed in respect of the tax authorities' decision.'
In this regard, the agency explained that it was due to differences in opinions on the interpretation and application of tax laws between tax agents and tax authorities.
The agency explained that `It was a matter of whether the profits of the corporation established by Cho Jin-woong were subject to personal income tax payment, resulting from differences in opinions on the interpretation and application of tax laws between tax agents and tax authorities.
After that, Cho Jin-woong paid the full amount of the tax imposed according to the decision of the tax authorities without delay.
However, the agency said "The above decision by the tax authorities was a decision with a different purpose than the taxation practice at the time, and there was a conflict of opinion between experts and academia.""In order to obtain a judicial judgment on the decision of the tax office, we have carefully requested a Tax Tribunal trial, and the hearing is currently in progress.""
The agency said, "As a citizen of the Republic of Korea, Cho Jin-woong has always strived to faithfully fulfill his tax obligations and promises to continue to comply with laws and procedures and fulfill his responsibilities and obligations."," he added.
Recently, celebrities reported and paid corporate tax on corporate profits according to general tax treatment methods after establishing a corporation. However, the National Tax Service decided that there was a problem with the tax payment and conducted a tax investigation and imposed additional income tax on it.
As a result, actress Lee Ha-nui was recently notified of 6 billion won in taxes, Yoo Yeon-seok 7 billion won, and Lee Joon-ki 900 million won in taxes.
▶ Hereinafter, the official entrance of People's Entertainment
Actor Cho Jin-woong was levied about 1.1 billion won during the tax authorities' regular tax audit and paid the full amount of the tax imposed in respect of the tax authorities' decision.
The above issue was a question of whether the profits of a corporation established by actor Cho Jin-woong are subject to personal income tax payment, and stems from differences in opinions between tax agents and tax authorities on the interpretation and application of tax laws. Actor Cho Jin-woong reported and paid corporate tax on corporate profits according to general tax treatment methods, but the tax authorities decided to impose additional income tax on it.
Actor Cho Jin-woong paid the full amount of taxes imposed according to the decision of the tax authorities without delay.
However, the above decision by the tax authorities was a decision with a different purpose than the taxation practice at that time, and it was an issue of disagreement between experts and academia. Accordingly, the Tax Tribunal has carefully requested a trial by the Tax Tribunal to receive a legal judgment on the decision of the customs office, and the hearing is currently underway. I understand that there are also a number of similar cases.
As a Korean citizen, actor Cho Jin-woong has always tried to faithfully fulfill his tax obligations, and I promise to continue to thoroughly comply with laws and procedures and fulfill my responsibilities and obligations.
anjee85@sportschosun.com
