Lee Yi Kyung receives tax reassessment following audit of one-person agency, denies intentional tax evasion
by Demian09 · allkpopLee Yi Kyung has reportedly been issued a tax reassessment after undergoing a non-routine tax audit related to his one-person management agency.
According to a report by Xports News on May 13, the National Tax Service recently conducted an irregular tax investigation into Lee Yi Kyung’s individually operated agency and subsequently notified him of additional tax liabilities.
Authorities are said to have concluded that a portion of the actor’s personal income had been recorded as corporate revenue through his agency structure. This accounting method allegedly reduced his overall taxable income by applying corporate tax rates, which are lower than personal income tax rates in certain brackets.
As a result, tax authorities reportedly viewed the arrangement as having potential tax avoidance implications, although no allegations of criminal wrongdoing have been confirmed.
In response, Lee Yi Kyung’s agency stated that the issue arose from differing interpretations of tax laws regarding expense and income classification between the company and the tax authorities during routine operations. The agency firmly denied any intentional tax evasion or concealment of income.
“There was no deliberate omission of income or any form of fraudulent activity,” the agency said, adding that it respects the findings of the tax authorities and will fully comply with the reassessment by paying the required amount without delay.
The agency also issued an apology, pledging to strengthen its internal tax management systems and ensure full compliance with relevant laws going forward.
One-person agencies, commonly used by entertainers in South Korea to manage earnings and expenses through corporate structures, have come under increased scrutiny in recent years amid a series of similar tax reassessments across the entertainment industry.
SEE ALSO: 2PM’s Nichkhun surprises fans with changed appearance in latest update
Share this article SHARE
SHARE