Documents Needed for Bank Loans and Government Subsidy Programs! A Complete Guide to Issuing Value-Added Tax Assessment Standard Certificates

The Value Added Tax (VAT) assessment standard certificate is an important document that businesses must have. Since it's required for various purposes, such as bank loans and applications for government support programs, many people wonder how to obtain one.

This article details five ways to obtain a VAT assessment standard certificate. No more struggling with complicated procedures!

Why do you need a VAT assessment standard certificate?

The VAT assessment standard certificate is an official document that verifies a business's sales and tax payments for a specific period. This certificate is necessary in the following cases:

• Bank Loans: Supporting document to verify financial status during loan application review.
• Government Support Programs: Document to prove eligibility for program participation.
• Public Institution Bidding: Data for evaluating business performance.
• Various Certifications: When you need to prove income or sales.

How can I obtain a VAT assessment standard certificate?

🔗 Five Ways to Issue a VAT Assessment Standard Certificate

1. Visiting the Tax Office: The most basic method; you can obtain it by visiting your nearest tax office with your ID.
2. Self-Service Kiosk: You can easily obtain it through self-service kiosks installed throughout the country.
3. KakaoTalk: You can obtain it on your mobile phone using the KakaoTalk app.
4. Gov.kr (Government 24): You can obtain it online by accessing the Gov.kr website.
5. Hometax: You can obtain it online by accessing the National Tax Service Hometax website.

Which method should I choose?

• If you are short on time and want to obtain it quickly: It is better to use a self-service kiosk or KakaoTalk.
• If you want to obtain accurate information: It is better to visit the tax office or use Hometax.
• If you want to handle other administrative tasks together: It is better to use Gov.kr.

FAQ (Frequently Asked Questions)

• Can VAT-exempt businesses also obtain it? VAT-exempt businesses can obtain a Value Added Tax Exempt Business Income Amount Certificate.
• How much is the issuance fee? In most cases, it can be obtained free of charge.
• How long does it take to issue? In the case of online issuance, it can be issued immediately, and it does not take long even when visiting the tax office.
• What is the validity period? It is valid from the date of issuance, and there is no separate validity period limit.