Lee Joon Gi’s side breaks silence on 900 million KRW tax audit, defends one-man agency’s financial practices

Namoo Actors, the company representing actor Lee Joon Gi, has issued an real commentary addressing reviews about his tax investigation, aiming to account for misinformation and offer transparency referring to the matter. The commentary comes per growing speculation after it used to be revealed that the actor had undergone a tax audit, ensuing in a most predominant reassessment of his financial responsibilities.

Per Namoo Actors, Lee Joon Gi used to be subjected to an frequent tax audit by the Gangnam Tax Living of job in 2023 as segment of the routine financial opinions conducted by the National Tax Carrier. Following the audit, tax authorities determined that extra taxes had been owed as a result of variations in how Lee Joon Gi’s earnings had been classified.

As a result, he used to be required to pay an extra 900 million KRW (approximately 617,000 USD). His company emphasized that this reassessment used to be no longer a results of tax evasion or deliberate misconduct nonetheless used to be as an different precipitated by a discrepancy within the interpretation and application of tax laws between his financial crew and the tax authorities. They moreover assured that Lee Joon Gi had complied with the reassessment instruct and had promptly settled the corpulent amount requested.

The investigation basically interested by JG Leisure, a one-man company that Lee Joon Gi founded in 2014 alongside his father to manage his expert earnings. Despite the incontrovertible truth that the actor has been below an fresh management contract with Namoo Actors for his leisure occupation, his profits used to be processed via JG Leisure. This allowed his earnings to be taxed at the 24% company tax rate moderately than the vastly higher 45% personal profits tax rate.

Authorities raised concerns over whether this constructing used to be intentionally designed to lower his tax liabilities, ensuing in an in-depth examination of his financial transactions and tax filings.

Beyond the effort of profits classification, the tax audit moreover incorporated scrutiny over a luxurious property in Cheongna, Incheon, which JG Leisure purchased in 2021 for 2.95 billion KRW (approximately 2.02 million USD). Some reviews speculated that the penthouse used to be being feeble as Lee Joon Gi’s personal diagram moderately than serving a legit enterprise cause. Nonetheless, his representatives strongly denied these allegations, affirming that the property used to be got via lawful valid procedures.

After conducting a thorough overview, tax authorities confirmed that there had been no violations within the transaction, putting off any suspicions referring to its possession and expend.

Namoo actors extra outlined that Lee Joon Gi’s financial management machine had by no manner been deemed problematic in past audits. They pointed out that there will not be any longer any such thing as a existing valid precedent prohibiting an entertainer from facing their profits via a non-public company. With out reference to thoroughly complying with the reassessment decision, Lee Joon Gi has filed an charm with the Tax Tribunal, asking for a proper overview of the ruling. The company mentioned that this ask is currently below examination and that the actor is anticipating an real response from the authorities.