Settlement Documentation by Business Type
๐ Documentation must be issued based on the business type of the 'Settlement Information' selected when requesting withdrawal.
The business type for each withdrawal request can also be checked in the detailed history under 'Revenue Withdrawal > Withdrawal History'.
Applicable Target Guidelines
โ Domestic resident Creators (including Korean/foreign nationals) + receiving deposits to Korean bank accounts โ Below business type documentation process applies
โ Overseas residents/foreigners + receiving overseas remittance to overseas accounts โ Separate documentation not required (paid as pre-tax amount without withholding tax)
Business Type | Documentation Method | Platform |
|---|---|---|
Individual/Corporate/Simplified (Tax Invoice Issued) | Reverse-issued tax invoice | Popbill |
Tax-exempt business | Reverse-issued invoice | Popbill |
Simplified taxpayer (cash receipt issuance) | Cash receipt | Hometax |
Non-business individual | No separate documentation required | CLASS101 pays after withholding tax at source |
Overseas residence | No separate documentation required | Creator is responsible for filing and paying taxes directly according to local tax laws |
Processing timing by documentation method
Documentation method | Processing timing / method |
|---|---|
Reverse-issued tax invoice | Within 10 business days of the beginning of the month following 'withdrawal request', CLASS101 issues reverse-issued tax invoice through Popbill and requests approval |
Reverse-issued invoice | 'Withdrawal request' issued within 10 business days of early next month, CLASS101 issues reverse tax invoice through Popbill and requests approval |
Cash receipt | 'Withdrawal request' within 10 business days of next month, Creator directly issues cash receipt from National Tax Service (*If not issued, withdrawal request will fail, so please issue immediately after withdrawal request) |
No separate documentation required |
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