Cash Receipt Issuance Business Registration: Why is it Important? Everything You Need to Know!

Cash Receipt Issuance Business Registration: Is it a Missed Opportunity?

Registering as a cash receipt issuance business is becoming a necessity, not an option. Why? To avoid tax-related disadvantages and enjoy various benefits. Let's take a closer look at why registering as a cash receipt issuance business is important and how to do it.

Why is Cash Receipt Issuance Business Registration Necessary?

• Preventing Tax-Related Disadvantages: Failure to register as a cash receipt issuance business may result in tax-related disadvantages such as surcharges.
• Enhanced Consumer Trust: Issuing cash receipts signifies transparent transactions and helps gain consumer trust.
• Various Benefits: Some credit card companies offer additional discounts or point accruals when cash receipts are issued.

Who Needs to Register as a Cash Receipt Issuance Business?

• Businesses in Consumer-Oriented Industries: This includes most businesses such as retail, restaurants, and service industries.
• Industries with Mandatory Issuance: Certain industries, such as hospitals, academies, and driving schools, are required to issue cash receipts even without consumer requests.

How to Register as a Cash Receipt Issuance Business?

🔗 Four Methods for Cash Receipt Issuance Business Registration

1. Credit Card Terminal Installation: You can apply for cash receipt issuance registration at the same time as installing a credit card terminal.
2. National Tax Service Hometax: You can apply for registration directly by accessing Hometax.
3. National Tax Service Call Center ARS: You can easily apply for registration by phone.
4. Cash Receipt Issuance Business Website: You can register through cash receipt issuance business websites such as Toss Payments and Linkhub.

Precautions When Registering for Cash Receipt Issuance

• Registration Deadline: You must register within a certain period after business registration.
• Accurate Information Entry: You must accurately enter information such as your business registration number and representative's information.
• Regular Verification: Since the mandatory registration status may change depending on sales fluctuations, you need to check regularly.

Frequently Asked Questions (FAQ)

• Is cash receipt issuance registration absolutely necessary? Yes, cash receipt issuance registration is essential to avoid tax-related disadvantages.
• What are the disadvantages of not registering? You may face tax-related disadvantages such as surcharges.
• Where can I register? You can register at various places including credit card terminal installation companies, the National Tax Service Hometax, the National Tax Service Call Center, and cash receipt issuance business websites.
• How much does it cost to register? It's mostly free, but it may be paid in some cases.