TAT 1급 (Tax Accounting Technician 1)

Practice session

Under the Value-Added Tax Act of Korea (부가가치세법), Hanyang Co. operates both taxable and tax-exempt publishing businesses. During the 2025 second tax period (July 1 to December 31), Hanyang Co. incurred common input tax (공통매입세액) of KRW 30,000,000 on warehouse operating expenses. Total supplies during the period were KRW 1,200,000,000, consisting of taxable supplies of KRW 720,000,000 and exempt supplies of KRW 480,000,000. What is the non-deductible input tax related to the exempt business (면세관련 불공제 매입세액) under statutory allocation rules?

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