Kim Jaejoong Releases Statement Regarding His Past Record Of Being Fined Additional Tax

JYJ member Kim Jaejoong has spoken up about having been previously charged additional tax.

On March 9, Kim Jaejoong’s agency C-JeS Entertainment released an official statement expressing the artist’s stance regarding the fact that Kim Jaejoong was fined 100 million won (approximately $75,600) after a tax investigation by the National Tax Service in 2020.

Read the full statement below:

During the tax investigation in 2020, some of the revenue generated from [the artist’s] activities in Japan was omitted, resulting in additional taxes, and he has paid 100 million won in additional taxes.

At that time, he reported tax on sales and paid it dutifully, but there was a time difference in the settlement process while traveling back and forth between Korea and Japan. Some of the amount that he reported as necessary expenses was judged to be unrelated to the business, so after confirming that additional tax had occurred, he paid it immediately.

This was only due to the difference in interpretation of tax law which distinguishes business expenditures from private expenditures, and there was no intention [of tax evasion] whatsoever.

Source (1)

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