Tax Guide for Gym & Pilates Studio Owners

From recognizing membership prepayment revenue to filing for trainer contracts, we walk you through the tax issues unique to fitness facility businesses.

We'll help build your members' strength — and lighten your tax burden.

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If a member pays for a one-year membership in a single lump sum, when do we report the VAT and the revenue?

As a rule, value-added tax (VAT) is reported in full for the tax period in which payment is received. Comprehensive income tax and corporate tax, however, recognize revenue prorated over the period the service is actually provided. In other words, VAT is filed all at once while income tax revenue is spread across the usage period — the two taxes recognize revenue at different points in time.

The Trickiest Part — When Do You Recognize Membership Revenue?

VAT and income tax recognize membership sales at different points in time

VAT Is Reported in Full at the Time of Payment

If a member pays for a one-year membership in a single lump sum, the rule is to report the full VAT for the tax period in which that payment was received — think of it as revenue being recorded the moment the card is charged.

Comprehensive Income Tax and Corporate Tax Are Recognized Over the Usage Period

Profit and loss must be calculated by prorating revenue over the period the member actually uses the service. Even though the payment was collected all at once, the books should record monthly revenue in installments as a matter of principle — so it's important to manage VAT filing and profit/loss calculation separately to avoid confusing the two.

Income Structure Features of Gyms & Pilates Studios

Fitness facility businesses are subject to VAT (unlike academies, they are not VAT-exempt)
A mix of freelance PT trainers and in-house trainers
Membership refunds or transfers require a revenue correction
Front-desk part-time daily wages are tax-free up to KRW 150,000/day, with only the excess withheld (effective rate about 2.7%)

Key Expense Items

Depreciation on exercise equipment, Pilates equipment, and other fixtures
Rent and management fees (eligible for input VAT credit)
Trainer labor costs (3.3% withholding or employment income)
Membership management app / booking system fees
Consumables such as workout attire and towels

Frequently Asked Questions

Report Membership Revenue at the Right Time, the Right Way

Tax Accountant Kwon Ji-hyun, who understands fitness facility revenue structures, is ready to consult with you.

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