Article 81-9 (Penalty Tax for Dishonesty in Issuing Credit Card Slips and Cash Receipts)

Where a business operator falls under any of the following subparagraphs, they shall pay, as a penalty tax, the amount determined according to the classification of each subparagraph, which shall be added to the determined comprehensive income tax for the relevant taxation period. <Amended by Act No. 17770, Dec. 8, 2021> 1. Where the business operator fails to join as a cash receipt merchant in violation of Article 162-3, Paragraph 1, or joins after the deadline for joining: The amount calculated according to the following calculation formula. ┌───────────────────────────────────────────┐ │ │ │ Penalty Tax = A × B × 1/100 │ │ ─── │ │ C │ │ │ │ A: Revenue for the relevant taxation period (limited to revenue from business types for which it is subject to joining as a cash receipt merchant, and excluding revenue such as issued bills pursuant to Article 163 and tax invoices pursuant to Article 32 of the Value-Added Tax Act, as prescribed by Presidential Decree) │ B: Period of non-joining (meaning the number of days from the day following the deadline for joining under Article 162-3, Paragraph 1, to the day before joining; if the period of non-joining spans two or more taxation periods, the period of non-joining shall be applied for each taxation period) │ C: 365 (or 366 in a leap year) └───────────────────────────────────────────┘ 2. Where the business operator refuses to issue a cash receipt or issues one that is different from the facts in violation of Article 162-3, Paragraph 3, and receives notification of the reported amount from the head of the tax office having jurisdiction over the place of tax payment pursuant to the latter part of Article 162-3, Paragraph 6 (limited to cases where the amount for which a cash receipt should be issued is 5,000 won or more per transaction, and excluding cases falling under subparagraph 3): An amount equal to 5/100 of the refused amount per transaction or the amount for which a cash receipt was issued differently from the facts (meaning the difference between the amount that should have been issued per transaction and the amount actually issued per transaction) (if the calculated amount per transaction is less than 5,000 won, it shall be 5,000 won). 3. Where the business operator fails to issue a cash receipt in violation of Article 162-3, Paragraph 4 (excluding cases prescribed by Presidential Decree, such as those eligible for insurance benefits under the National Health Insurance Act): An amount equal to 20/100 of the unissued amount (if the business operator voluntarily reports to the competent tax office or voluntarily issues a cash receipt within 10 days from the date of receiving the transaction amount due to error or omission, it shall be 10/100).