여행사의 부가가치세 산출 내역은 어떻게 되나요?

For travel agencies, the calculation of the value-added tax (VAT) base depends on how the agency structures its transactions with clients.

1. Standard Calculation (Net Basis): In most cases, the VAT taxable base for a travel agency is the travel agency commission (al-seon-su-su-ryo). This means that expenses directly paid by the agency on behalf of the client, such as accommodation, transportation, and entrance fees, are generally excluded from the VAT calculation if they are properly accounted for as entrusted expenses (sutak-gyeongbi).

To ensure these expenses are excluded, it is crucial to:

• Clearly distinguish between the agency commission and the client's direct expenses in contracts.
• Issue tax invoices or cash receipts only for the agency commission.

2. Gross Calculation (Total Basis): If a travel agency plans a tour package and provides services under its own name and responsibility, and does not clearly separate the client's direct expenses from the agency commission when receiving payment, the entire amount received from the client (excluding VAT) will be considered the taxable base for VAT.

In this scenario, the VAT is calculated on the total sales price of the travel package, and any input VAT related to these expenses can be deducted from the agency's output VAT.