Additional Tax

What are the additional taxes related to business registration?

• In the case of unregistered business tax, a 1% tax is imposed on the supply value, and in the case of tax registered under another person's name, a 2% tax is imposed on the supply value.
• *Exclusion from others: In cases where the business registration is under a spouse's name, or in cases of inheriting the business of a deceased person (limited to the period from the start of inheritance to the deadline for reporting inheritance tax taxable standards).

When calculating the late payment penalty tax, is the underreporting penalty tax also included in the calculation?

• When calculating the late payment penalty tax, the underreporting penalty tax is calculated separately.
• The late payment penalty tax is calculated based on the period from the day following the payment deadline to the payment date, and it is calculated by applying a certain percentage per day on the amount that is unpaid or underpaid.
• In the case of underreporting penalty tax, it is generally calculated as 10% of the additional income tax that needs to be paid due to underreporting.

What happens to the additional tax if a cash receipt is not issued?

• 1. 20% of the transaction amount is imposed as an additional tax