*This content was translated by AI.
While boy group Astro member and actor Cha Eun-woo is embroiled in 20 billion tax evasion allegations, controversy arose again over the identity of the corporation founded by his mother.
According to the corporate information of corporation A established by Cha Eun-woo's mother, it is an eel restaurant in Ganghwa Island established in October 2022. It is actually a restaurant run by Cha Eun-woo's family. However, the standard industry classification is registered as a manager.
In this regard, Fantagio, the agency, told Star News on the 22nd, "In addition to the official position I sent you earlier, we will organize and announce the contents that need to be confirmed when we think we need an official position," and added, "We will check (the fact that my mother's eel restaurant is registered as a manager)."
According to a media outlet on the same day, Cha Eun-woo received a high-intensity investigation by the Seoul Regional Tax Office in the first half of last year on tax evasion charges. Even though there was originally an agency, they created a separate family company and evaded taxes by using a method of lowering taxes in an expedient manner. Cha Eun-woo reportedly shared the income earned by Fantagio, A corporation and himself after Fantagio signed a service contract to support entertainment activities with corporation A, which was created by his mother Choi.
Therefore, the National Tax Service judged A corporation as a so-called "paper company" that did not actually provide services, and predicted that Cha Eun-woo and his mother set up a non-substantial A corporation to reduce income tax, which reached 45%, and distributed income to be subject to a corporate tax rate that is more than 20 percentage points lower than the income tax rate.
In conclusion, the National Tax Service determined that the profits of corporation A eventually went to Cha Eun-woo, and Cha Eun-woo did not pay more than 20 billion won in income tax. However, Cha Eun-woo's side is reportedly waiting for the results of the "complete tax review" filed against the National Tax Service's decision, saying, "It is not a paper company that has no substance, but a formal registration company for the pop culture and arts planning business."
Regarding Cha Eun-woo's alleged tax evasion of 20 billion won, Fantagio said, "The main issue is whether the corporation established by Cha Eun-woo's mother is subject to real taxation, and it is not currently finalized and announced, and we will actively explain issues related to legal interpretation and application in accordance with due process."
The artist and tax representative will cooperate faithfully so that the process can be completed as soon as possible, Fantagio said. "Cha Eun-woo promises to faithfully fulfill his tax returns and legal obligations as a member of the people in the future."
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*This content was translated by AI.
