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| Q. What is a cash receipt and why is it necessary? |
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A. A cash receipt is a document that records transaction information and reports it to tax authorities after customers purchase goods or services with cash.
This system manages business sales data and enhances government tax transparency, while providing income deduction benefits to consumers.
- Issuer: Issued by businesses, and for registered merchants, issuance is mandatory upon customer request.
- Benefits: Workers receive a 30% income deduction rate during year-end tax settlement for cash expenses above a certain amount, which is a higher rate than credit cards.
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| Q. Where can I register for cash receipt merchant membership? |
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Q. Where can I register for cash receipt merchant membership?
A. You can register through the National Tax Service Hometax.
After logging into Hometax, please follow the path below
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Hometax Login
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Access the cash receipt issuance and business registration menu
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Click on Electronic (Tax) InvoiceยทCash ReceiptยทCredit Card at the top
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Click on Cash Receipt (Merchant)
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Click on Issue
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Click on Cash Receipt Issuing Business Registration and Modification
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Enter business information
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Check processing results after submitting the application (Results will be sent via SMS to the contact number registered during application.)
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| Q. Who is required to issue cash receipts? |
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A. Cash receipt merchant registration is required if you meet one or more of the following conditions.
- Individual business owners with total revenue of 24 million won or more during the most recent tax period
- Businesses included in industries with mandatory cash receipt registration
- Corporate business entities
โป Note: Registration is mandatory if conditions are met regardless of business type.
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| Q. What is voluntary cash receipt issuance? |
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A. It means businesses voluntarily issuing cash receipts for cash transactions not requested by customers.
- Mandatory situation: Even if customers do not request cash receipt issuance or do not provide personal information, cash transactions of 100,000 won or more are subject to voluntary issuance.
- Service support: Some payment service providers handle voluntary issuance on behalf of businesses, and detailed settings can be confirmed through customer service.
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| Q. How long does merchant registration take? |
A. After application, it is generally processed within 1-5 days.
Once approval is complete, an SMS notification will be sent to the contact number registered during registration.
If approval is delayed, please contact the National Tax Service consultation center (126). |
| Q. What happens if I don't register as a cash receipt merchant? |
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A. If designated as a mandatory cash receipt issuing industry, failure to register as a merchant may result in legal penalties such as fines.
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| Q. Are all partner companies subject to cash receipt issuing requirements? |
A. No, cash receipt issuing obligations apply only to businesses registered in Korea and individual business owners.
"Overseas businesses" and "individuals" are not subject to this obligation, and no related settings are displayed on the product modification page. |
| Q. (Tours & Tickets domestic individual/corporate businesses) Do I need to check cash receipt issuance settings for all products sold? |
A. Yes, that's correct.
You need to check the cash receipt issuance settings for all currently sold products.
Default values are preset, but please confirm them and modify if necessary. |
| Q. (Other product-selling domestic businesses/individual businesses) Do I need to check cash receipt issuance status for all products? |
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A. No.
- For Korean guesthouses, accommodations, packages, and car rentals, these are mandatory issuance products and cash receipts will be issued under the partner's name for all products of individual/corporate businesses.
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| Q. (Tours & Tickets domestic individual/corporate businesses) What should I do for products still being prepared for sale? |
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A. Please be sure to check the cash receipt issuance status before proceeding with pre-sale review requests.
Once sales begin, guidance will be provided based on these settings.
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| Q. Will cash receipt issuance be available for reservations made from January 1, 2025? |
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A. Starting January 15, 2025, we will receive cash receipt issuance requests using customers' mobile phone numbers.
- For dates before the 15th, receipts will be issued in bulk using the mobile phone numbers verified during membership registration.
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| Q. What are the criteria for cash receipt issuance? |
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A. If there is a cash payment portion among the payment methods selected by the customer, a cash receipt will be issued for that amount.
(Example: When making a combined payment with Naver Pay paid/free points, a cash receipt will be issued only for the amount corresponding to paid points.)
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| Q. If a customer chooses not to request a cash receipt, won't it be issued?
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A. If the customer's cash payment amount is 100,000 won or more, it will be automatically issued even if the customer does not request it.
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| Q. Can't receipts be issued using business registration numbers or cash receipt numbers?
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| A. Currently (as of January 14, 2025), issuance is only possible using mobile phone numbers. If you need issuance through other means, please contact MyRealTrip Customer Support. |
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