Exemption from Telecommunication Sales Business Registration for Those with Fewer than 50 Transactions or Simplified Taxpayers

Fair Trade Commission Issues Administrative Notice on Amendment to the 'Notification Exemption Criteria for Mail-Order Business'

[Sejong=Asia Economy Reporter Joo Sang-don] In the future, those whose number of mail-order transactions in the previous year is less than 50 times or who are simplified taxpayers under the Value-Added Tax Act will not be required to report mail-order business.

On the 21st, the Fair Trade Commission announced that it has prepared a revision of the "Notification on Exemption Criteria for Mail-Order Business Reporting" containing such content and will conduct a 20-day administrative notice period until June 10.

According to the Electronic Commerce Act, mail-order business operators must report their mail-order business to the competent local government. However, small-scale businesses below the criteria set by the notification are exempt from the reporting obligation. Under the current law, to be exempt from reporting, the transaction scale in the last six months must be less than 12 million won or the number of transactions less than 20 times, but this will be relaxed to include those who are simplified taxpayers under the Value-Added Tax Act and those with fewer than 50 transactions in the previous year.

A Fair Trade Commission official said, "With the revision of the exemption criteria notification, the exemption standards will be clarified and relaxed, reducing the burden on small-scale businesses and making it easier to enter the early electronic commerce market." He added, "The Fair Trade Commission plans to finalize and implement the revision after fully collecting opinions from stakeholders during the administrative notice period and going through the committee resolution."

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