Travel agencies and study cafes also require cash receipts… Swimming and gym card income deduction

by times news cr

[새해 달라지는 것]13 additional industries requiring mandatory issuance of cash receipts… 1 industry correction
If your annual income is less than 70 million won, 30% of gym and swimming pool credit card usage fees are tax deductible.

News 1

Starting next year, the number of industries requiring mandatory issuance of cash receipts will increase by 13. In addition, credit card income deductions include swimming pool and gym facility usage fees.

On the 31st, the government published a collection of materials titled ‘This will change from 2025’ containing these contents.

The government announced that it would add mandatory issuance of cash receipts for the purpose of identifying income and fostering tax sources.

The industries to be added starting next year are: △Travel business △Other travel assistance and reservation services △Swimming pool operation △Squash court and other sports facility operation △Outdoor stadium operation △Indoor stadium operation △Comprehensive sports facility operation △Bowling alley operation △Ski resort operation △Clothing Accessories and counterfeit jewelry retail △Computers and peripheral device repair industry, ambulance service industry, and pet funeral and protection service industry.

In addition, study cafes were newly added to the reading room operation business, which was previously subject to mandatory issuance.

From January 1 of next year, relevant industries will be required to issue cash receipts if the cash transaction amount per transaction is 100,000 won, even if there is no consumer request.

Also, starting next year, if your annual gross income is less than 70 million won, you will be able to receive a credit card income deduction for swimming pool and gym facility usage fees.

The deduction rate is 30% and is included in the additional deduction limit of 3 million won. The revisions will apply to payments made after July 1 of next year.

(Sejong = News 1)

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