Both consumers and individual businesses can easily obtain a card by registering a card through Hometax to issue a cash receipt or to process purchases and proof of expenditure, and issue and use a dedicated card. Even if you do not receive it, you can automatically reflect the purchase and expenditure income deduction details.
Then, let’s look at how to apply for a dedicated cash receipt card, how to register existing credit and debit cards, and how to inquire about purchases and expenses.
The first thing to do is to go to Hometax and log in. In the case of a sole proprietor, you can obtain a personal certificate and change the business at the top, or in the case of a consumer, go to the Cash Receipt Card Application menu in the Application/Submission menu. 현금영수증 카드 등록
Cash receipt card registration is divided into consumer and business use during the application for exclusive card, and both exclusive card and other existing card registration are possible.
First of all, in terms of cash receipt card registration, the management of the issuance method is related to individual businesses, and you can select the type and register this card number, etc. 이베이스매뉴얼
In addition, if you register your mobile phone number and card number and use the number and direct input, or even apply for a mobile card and use it immediately after application, you can automatically check purchases, sales expenses, etc.
Now, if you have registered a cash receipt, you can inquire about usage history and purchases through the registered card, etc., and inquire about the amount of tax.
In the case of cash receipt inquiry, it can be divided into consumer usage history or business purchase history, and you can inquire by day, week, or month.
Lastly, in case of inquiry along with cash receipt card registration, you can easily inquire by dividing it into business issuance method, purchase income deduction history inquiry, and personal expense proof.
In the case of issuance of ordinary cash receipts, there are cases where a phone number is used, but it is possible to easily obtain and inquire through an automatic dedicated or existing credit or debit card.
For year-end settlement, workers may be very interested in checking and issuing cash receipts. Today, we will look at how to register, voluntarily issuance, etc.
How to check cash receipt
When you enter the National Tax Service Hometax website, click the ‘Inquiry/Issue’ tab and click the ‘Receipt Inquiry’ button.
Here, you can conveniently check your cash receipts and check your usage history. You can check by day, week, or month.
If you click Query Total Usage History, you can quickly find out the amount by year of inquiry.
Since you can know the amount to be deducted, it can be convenient even when reporting income deduction.
How to issue a cash receipt
●Available on the Hometax site.
Go to the Inquiry/Issue Site tab and click Issue Receipt. It is not possible for individual members, but only for businesses and companies.
To facilitate issuance
●It is fastest to use after signing up
It is most important to use the cash-receipt service after signing up.
①Credit card terminal
-If you join a credit card merchant, you can join as a merchant at the same time.
②Issuance/application is possible at Hometax mentioned above
③ If you call the National Tax Consultation Center 126 with ARS, you can conveniently sign up as a merchant using ARS.
If the company refuses to issue
●Consumer can report.
We are operating a reward system for non-issuance reports.
If the amount exceeds 2.5 million won, the report reward is 2.5 million won, if it exceeds 50,000 won and less than 2.5 million won, it is 20% of the rejected amount, and if it is between 5,000 won and 50,000 won, it is 10,000 won.
If you have any questions, please contact the National Tax Service counseling number 126.
Cash receipt registration
●Available on the Hometax website of the National Tax Service.
Similarly, if you click the Inquiry/Issue tab, there is a button called ‘Receipt Issuance Method’. Click the Consumer Issuance Method button here.
If you register your mobile phone here, it can be recognized as a cash-receipt registration number when paying in cash.
In addition, if you enter and insert a cash-receipt-only card, this will also be recognized.
To make it easier for you to deduct your income
In the process of registering cash receipts, there is ‘Enter the business attributable to the proof of expenditure’ at the bottom. If you register the business registration number of your place of work or owned business, you can receive both income deductions and cash-receipts as proof of expenses.
It can be much more convenient when handing over the tax deduction data to the company.
Voluntary issuance
Within 5 days from the date of receipt of cash
In case of supplying services or goods related to business and paying in cash, it is essential to issue a receipt for this.
If the consumer does not request the issuance of cash-receipt, it can be issued voluntarily by issuing the designated code 010-0000-1234 of the National Tax Service.
Mandatory issuance industry
If any of the above apply, you must
It must be issued unconditionally if it is a business service business, education service, lodging and restaurant business, health business, or mail-order business.
In other industries, the issuance obligation is given from January 1, 2022 in the case of second-hand furniture retail business or other leather goods retail business.
If you do not voluntarily
●Even if the consumer does not ask for it, it must be done unconditionally.
In the case of non-issuance of cash-receipts, a 50% fine for non-issuance of the issuance obligation before December 31, 2018, and a penalty of 20% of the non-issuance amount for violations after January 1, 2019.
In other words, it is important to enter the National Tax Service designation code and process it.
When we buy something with cash, we often ask for a cash receipt. Of course, there are times when it’s annoying and I just skip it. In particular, I received a gift card as a gift from an acquaintance on KakaoTalk, and I’m sure you’ve heard of this at the store.
Can I get you a cash receipt?
For example, when you go to Starbucks and use a gift card, you are always kindly heard.
So, why do you need a cash receipt?
What is a cash receipt
In other words, it is a receipt issued for a cash payment.
When a consumer presents a card or mobile phone number along with cash, the merchant issues a cash receipt and the details of the cash payment are notified to the National Tax Service. The cash receipt system has been in effect since January 1, 2005.
Source: National Tax Service Cash Settlement Flow Chart
Why do cash receipts?
The reason for the issuance of cash receipts can be seen from the perspective of self-employed business owners and workers. First, in the case of self-employed business owners, the amount of cash transaction income is transparently exposed.
In the case of workers, income deduction benefits are available.
© mohamed_hassan, from Pixabay
Be sure to benefit from the Cash Receipt Income Deduction!
When you receive a cash receipt, you receive twice as many income deductions as compared to a credit card.
For the amount used in excess of 25% of the total salary, cash receipts receive a 30% tax deduction, while credit cards receive a 15% tax deduction.
*Please note that 40% of public transportation expenses (bus, subway, railroad) or traditional market use can be deducted regardless of cash receipt or credit card!
Cash receipts issued by businesses are recognized as necessary expenses. VAT input can be deducted if a cash receipt with cash is issued in connection with the business.
Therefore, getting a cash receipt on a regular basis is the best way to save tax.
How to issue a cash receipt
After registering as a member on the Hometax website, register your card and mobile phone number.
Or, call 126 ARS (without an area code) to register your card and mobile phone number.
When paying in cash, present one of the following that can verify your identity and request issuance of a cash receipt.
① Credit card, debit card, check card
② Credit card (membership) with real name verification
③ Resident registration number
④ Mobile phone number
⑤ Cash receipt card (apply for issuance on the cash receipt website)
If you issue a cash receipt with an unregistered card number or mobile phone number, you cannot receive a deduction.
Check your card and mobile phone registration status
You can do this on the Cash Receipt->Cash Receipt Consumer Issuance Means Management screen. If the information is different, you can edit and register here.
How to check cash receipt
When you access Hometax, you can check detailed information related to cash receipts in Menu Inquiry/Issue->Cash Receipt.
Of course, login is required.
Usage history can be viewed by day, week, or month.
The monthly subscription fee of 20,000 won for the Economic Newspaper, which goes out monthly by direct debit, was also being deducted from income!
When you do not receive a cash receipt
Consumers have the right to receive cash receipts regardless of their industry. If you do not receive a cash receipt, you can report it by mail to the Hometax website or the nearest tax office within 5 years from the date of the cash transaction (after 12.2.2.).
How to report non-issuance
In case of general industry
Hometax website access
1. Consultation/Report->Cash Receipt Complaint Report->Issuance Rejection Report
2. Reporter supplier (refusal of issuance), report type, report content input, transaction proof attached
In case of mandatory issuance industry
1. Consultation/Report->Cash Receipt Complaint Report->Not Issuance Report
2. Click Real Name Verification -> Report Non-issuance of Cash Receipts
3. Reporter, supplier (non-issued person), report details, attach transaction proof
If you report the fact that you have not been issued an issuance to the National Tax Service, 20% of the amount of issuance refusal is paid as a reward for reporting.
Please note that the payment limit is 500,000 won per case and 2 million won per year!
When using cash, I recommend that you develop a habit of always issuing a cash receipt.