🌐 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Creators who have withdrawn earnings from POSTYPE must file taxes regardless of the amount of earnings.
- Individual creators and business creators (individual business owners) must file a Comprehensive Income Tax return.
- Business creators (individual business owners, corporate business owners) must file a Value-Added Tax (VAT) return.
- In accordance with the National Tax Service (NTS) notification, POSTYPE submits and reports 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 tax filing guidance, please contact the NTS Hometax website or the National Tax Consultation Center (no area code needed, dial 126).
Frequently Asked Questions
Are my withdrawn earnings already withheld at source?
- 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 in Hometax, so creators must enter their earnings themselves and file and pay their taxes directly.
What happens if I withdraw earnings but don’t file my taxes?
- In accordance with the National Tax Service notification, POSTYPE submits and reports creators’ sales data to the NTS every quarter.
- If you don’t file your taxes, you won’t be able to receive various tax credits and deductions, and you may face disadvantages such as additional penalties (surtaxes). The larger the tax amount that should have been paid and the longer the unpaid period, the higher the proportional penalty will be.