🌐 This article has been translated from Korean for your convenience. If there is any discrepancy, the Korean version prevails.
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Creators who have withdrawn earnings from POSTYPE must file taxes regardless of the amount they earned.
- Individual creators and business creators (individual business owners) must file an income tax return.
- Business creators (individual business owners and corporations) must file a value-added tax (VAT) return.
- In accordance with the National Tax Service (NTS) public notification, POSTYPE submits creators’ sales data to the NTS every quarter.
- The information provided by POSTYPE is for reference only and may not be fully applicable depending on each creator’s situation. For accurate guidance on tax filing, please contact the Hometax website of the National Tax Service or the National Tax Service Call 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 under an employment relationship with creators, so it does not deduct withholding tax in advance.
- Earnings that are not subject to withholding tax are not automatically registered on Hometax, so creators must enter their income themselves and file and pay their taxes directly.
What happens if I withdraw my earnings but do not file taxes?
- In accordance with the National Tax Service (NTS) public notification, POSTYPE submits creators’ sales data to the NTS every quarter.
- If you do not file your taxes, you may lose eligibility for various tax deductions and reliefs and may be subject to additional penalties such as paying surcharge tax. The larger the amount of tax that should have been paid and the longer the non-payment period, the higher the surcharge will be in proportion.