According to an investigation on the CBS No Cut News on March 14, the National Tax Service conducted an intense tax audit on the Yoo Yeon-Seok actor and recently informed him of the additional tax assessment. The amount exceeds the previously reported revaluation issued to the actress Honey Lee.
Similar to Honey Lee, Yoo Yeon-Seok has set up its entertainment agency, Forever Entertainment, where according to reports, the NTS has encountered problems of tax conformity, leading to Audit.
However, Yoo Yeon-Seok has formally contested the tax revaluation and presented a pre-evaluation review in January. This process allows taxpayers to challenge the decisions of the tax authorities before the final sentence, with internal and external experts who participate in the resolution.
The representatives of Yoo Yeon-Seok said they intended to actively present evidence during the revision process to correct the amount evaluated. They also indicated that the tax invoice of 7 billion victories could be significantly reduced to about 3 billion wins.
In an official declaration, his agency explained, “We are currently undergoing the pre-evaluation review process, during which the tax amount will be recalculated. The issue involves legal interpretations and questions from tax laws and we will follow the appropriate legal procedures to provide an explanation. The final amount has not yet been confirmed or applied.”
The statement further underlined, “The actor Yoo Yeon-Seok has always diligently fulfilled his tax obligations and will continue to do so as a responsible citizen.”
Recently, the accusations of tax evasion involving celebrities have made news. According to reports, Honey Lee was hit with a tax revaluation of 6 billion wins. His representatives, however, clarified that the question derived from the differences in the legal interpretations regarding the fact that the income of an artist should be taxed based on the laws on corporate or personal income tax. The police are currently investigating a public complaint that requires an investigation into its alleged tax evasion.
