🌐 This article has been translated from Korean for your convenience. If there is any discrepancy, the Korean version prevails.
-
Creators who have made a withdrawal of their earnings on POSTYPE must file taxes regardless of the amount of earnings.
- Individual creators and business creators (individual business owners) must file an income tax return.
- Business creators (individual and corporate business owners) must file a value-added tax (VAT) return.
- In accordance with National Tax Service (NTS) public notices, POSTYPE submits creators’ sales data to the NTS every quarter.
- The information provided by POSTYPE is for reference only and may not apply to every creator’s situation. For accurate guidance on tax filing, please contact the NTS Hometax website or the National Tax Consultation Center (dial 126 without an area code).
Frequently asked questions
Are the earnings I withdrew already subject to withholding tax?
- POSTYPE is a content transaction intermediary platform and does not pay income to creators as an employer, so it does not deduct withholding tax in advance.
- Income that has not been withheld is not automatically registered in Hometax, so creators must manually enter their earnings and handle their own tax filing and payment.
What happens if I withdraw earnings but do not file taxes?
- In accordance with NTS public notices, POSTYPE submits creators’ sales data to the NTS every quarter.
- If you do not file taxes, you may lose eligibility for various tax deductions and exemptions, and you may incur disadvantages such as having to pay additional penalties. The larger the tax amount that should have been paid and the longer the non-payment period, the higher the proportional penalty.