Ji Chang-wook's Agency: "No Intentional Tax Evasion... Disagreement with National Tax Service on Tax Law Interpretation" [Full Text]

*This content was translated by AI.View Original

Following reports that actor Ji Chang-wook underwent a tax audit by the National Tax Service and was ordered to pay tens of billions of won in back taxes, his agency stated, "There was absolutely no intentional omission of income or improper tax evasion."

Spring Company, Ji Chang-wook's agency, announced on the 2nd regarding the news of tens of billions of won in back taxes imposed on Ji Chang-wook: "We sincerely apologize for causing concern to many people due to this incident. However, we clearly state that there was absolutely no intentional omission of income or improper tax evasion."

It further stated, "During the recent tax audit, the company transparently submitted relevant materials and diligently cooperated with the investigation. However, we confirmed that there is a difference of opinion between the tax authorities and ourselves regarding the interpretation and application of tax laws, specifically whether income from the actor's entertainment activities should be attributed to the individual or the corporation under the principle of taxation based on actual substance."

The agency added, "Although there is a difference of opinion in this regard, since our debut in 2008, we have strictly complied with relevant laws and procedures without any tax-related issues, making the faithful fulfillment of tax obligations our top priority. Therefore, we respect the results of this National Tax Service investigation and plan to pay the assessed back taxes immediately in accordance with relevant procedures."

On this day, it was reported that the Seoul Local National Tax Service's Investigation Bureau 2 conducted an irregular special tax audit on Ji Chang-wook in March this year. During the tax verification process, circumstances of partial tax evasion or improper handling were discovered, leading to the assessment of tens of billions of won in back taxes.

Recently, the National Tax Service has been conducting rigorous audits on entertainers operating one-person corporate planning agencies who show signs of tax evasion.

Meanwhile, Ji Chang-wook is currently meeting audiences with the movie 'COLONY,' which was released on the 21st of last month.

Hello. This is Spring Company.

We are issuing an official statement regarding reports on the tax audit of our actor, Ji Chang-wook.

First, we sincerely apologize for causing concern to many people due to this incident. However, we clearly state that there was absolutely no intentional omission of income or improper tax evasion.

During the recent tax audit, the company transparently submitted relevant materials and diligently cooperated with the investigation. However, we confirmed that there is a difference of opinion between the tax authorities and ourselves regarding the interpretation and application of tax laws, specifically whether income from the actor's entertainment activities should be attributed to the individual or the corporation under the principle of taxation based on actual substance.

Although there is a difference of opinion in this regard, since our debut in 2008, we have strictly complied with relevant laws and procedures without any tax-related issues, making the faithful fulfillment of tax obligations our top priority. Therefore, we respect the results of this National Tax Service investigation and plan to pay the assessed back taxes immediately in accordance with relevant procedures.

In the future, we will more closely examine our tax and accounting management systems to prevent similar incidents from occurring, and we will continue to comply with laws and principles while faithfully fulfilling our tax obligations.

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*This content was translated by AI.View Original