Documentation methods vary by business type. When you request a withdrawal, documentation is processed based on the requested amount. If no withdrawal request is made, no documentation is issued for that month. You can check your business type on the Integrated Settlement and Creator Settlement Information Management pages in the Creator Center.
Documentation Methods and Platforms by Business Type
Business Type | Documentation Method | Platform |
|---|---|---|
General/Corporation/Simplified (Tax Invoice Issuance) | Reverse-issued Tax Invoice | Popbill |
Tax-exempt business | Reverse invoice | Popbill |
Simplified taxpayer (cash receipt issued) | Cash receipt | Hometax |
Non-business individual | No separate documentation required | CLASS101 pays after withholding tax |
Overseas resident | No separate documentation required | Creator is responsible for filing and paying taxes directly according to local tax laws |
Processing timeline by documentation method
Documentation method | Processing timeline / method |
|---|---|
Reverse-issued tax invoice | From the first business day to the 10th day of the month following the month of your withdrawal request, CLASS101 will issue a reverse tax invoice based on the withdrawal amount through Popbill and request your approval. |
Reverse-issued invoice | From the first business day to the 10th day of the month following the month of your withdrawal request, CLASS101 will issue a reverse invoice based on the withdrawal amount through Popbill and request your approval. |
Cash receipt | By the 10th of the month following the month of the withdrawal request date, the Creator must issue a cash receipt directly from the National Tax Service |
No separate documentation required | Domestic (Republic of Korea) residents subject to withholding tax : CLASS101 deducts withholding tax from settlement amounts before payment and files and pays these taxes to the National Tax Service on behalf of Creators |
If the 10th of the following month falls on a Saturday or holiday, the approval deadline is extended to the next business day according to National Tax Service electronic tax invoice issuance deadline regulations.
If reverse issuance fails or is not approved, the amount will be automatically converted back to withdrawable funds.