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| TITLE | Supreme Court Decision 2007Du18000 Decided June 24, 2010 [Revocation of Disposition Imposing Corporate Tax] [full Text] |
|---|---|
| Summary | |
| [1] Criteria for determining whether expenses that a corporation spent for business constitute ""entertainment expenses"" under the Corporate Tax Act [2] Part of the per-case expenses less than 30,000 won does not constitute entertainment expenses and the coverage expenses per-case over 30,000 won should not be hastily determined as entertainment expenses without individual and specific consideration of spending circumstance or its characteristic, etc [3] Criteria of distinguishing ""entertainment expenses"" from the ""advertisement expenses"" under the Corporate Tax Act [4] Gift expenses (except for production expense for a prize plaque) for visitors of a newspaper company are not entertainment expenses but advertisement expenses since they are not specific persons having transactional relation with a newspaper company since visitors cannot be specified as to their identity [5] Whether depreciation was permissible for a passenger car which was used exclusively for a representative director's private house without directly being used in the business of a newspaper company (negative) [6] Family event expenses paid to employees of a newspaper company and expenses for purchasing liquor for an employee party are business related welfare expenses | |
