Yoo Jae-suk, a model taxpayer for the people… "There was nothing to be found during the tax audit."
The 'National MC' Yoo Jae-suk is once again receiving public applause for his unique tax payment method. The method for handling his taxes, revealed by a professional tax accountant, explains why there has never been a problem even during rigorous tax audits.
On the 21st, a video titled **"Yoo Jae-suk who wasn't found during the tax audit, shocking tax payment method"** was released on the YouTube channel 'Tax Saving TV'. In the video, tax accountant Yoon Na-gyeom noted, "Even if Yoo Jae-suk undergoes a tax audit, not a speck of dust emerged. Despite being a top star, he was perfectly clean," adding, "This is thanks to an amazing choice."
- Yoo Jae-suk's special choice, standard expense ratio declaration
According to tax accountant Yoon, entertainers typically organize their income and expenditure through bookkeeping declarations, aiming for tax saving effects through expense processing. However, Yoo Jae-suk opted for the standard expense ratio declaration (estimated declaration) reflecting only the ratios set by the government.
He explained, "While bookkeeping declarations can reduce taxes, they are complicated and hard to manage. On the other hand, estimated declarations are simple but require paying more taxes," adding, "Yoo Jae-suk chose the latter. It's a rare approach among entertainers."
- Earn 10 billion won, pay an additional 1.4 billion won
He provided a real case for comparison. Tax accountant Yoon stated, "Assuming he earned 10 billion won, if he were to do bookkeeping, he would pay about 2.7 billion won in taxes, but under the estimated declaration chosen by Yoo Jae-suk, he would have to pay 4.1 billion won. That's an additional 1.4 billion won," emphasizing that it's not because he has a lot of money, but due to a sense of responsibility to maintain trust as the National MC.
- A choice that captures trust and focus
Moreover, tax accountant Yoon explained that Yoo Jae-suk chose the standard expense ratio method to "completely block tax controversies and maintain public trust," adding, "There is also the advantage of being able to focus solely on broadcasting activities without the stress of gathering proof materials."
"Yoo Jae-suk has completely given up on expense processing, so there was nothing to investigate. In fact, from the tax office's perspective, it was necessary to issue a refund," he added, "Since he paid additional taxes for not keeping books, there was nothing left to uncover."
- "A true example of noblesse oblige"
He concluded by saying, "Typically, entertainers tend to hire family members as employees or process personal expenses as business expenses, which carries risks. However, Yoo Jae-suk chose a thoroughly clean path," praising him as "a true example of noblesse oblige."
Meanwhile, Yoo Jae-suk was listed as a property owner of a building worth over 20 billion won last year, and it is reported that no deliberate tax omissions or tax evasion charges were found during the intense tax audit conducted at that time.
[Photo] OSEN DB
[OSEN]