The settlement amount from Yanolja or Airbnb is less than what I actually received — which figure do I report as revenue?
Keep in mind that the amount a platform deposits is already the net amount after its commission is deducted. Revenue should be recorded based on the total lodging fee before commission, and the intermediary/payment-processing fees you pay the platform should be reflected as a separate expense. If you report only the net amount as revenue, your revenue will be understated, which can become a problem in a later tax audit — so we recommend managing the total amount and the fee separately based on the settlement statement.
Revenue Structure Features of Lodging Businesses
Key Expense Items
Common Tax Mistakes We See
Missing mandatory cash receipt issuance
Lodging is a mandatory cash-receipt-issuance business. Cash payments of KRW 100,000 or more must be issued a receipt even without the guest's request, and failing to do so triggers a penalty of 20% of the unissued amount.
Recording the platform settlement amount as-is as revenue
The amount deposited by a platform is already net of fees. Accurate filing means recording the total lodging fee (before fees) as revenue and the fee as a separate expense.
Checking registration requirements for your operating format
Farm-stay lodging, foreigner-tourist urban homestays, general lodging businesses, and other formats fall under different laws and registration procedures. Confirming which registration category applies before you register your business helps avoid problems down the road.
Frequently Asked Questions
Tax Points Differ by Specialty
Select your specialty to see content tailored to your business
Pension & Pool Villa
Pool-facility expense processing, peak-season deposit revenue recognition
Enjoy the pool with abandon — we'll keep your tax management safe and sound.
Guesthouse & Dormitory
Per-bed revenue management, foreigner-tourist urban homestay registration
Travelers can relax and stay comfortably — we'll handle your tax filing just as comfortably.
Motel & Business Hotel
Segregating short-stay vs. overnight revenue, mandatory cash-receipt issuance
We give guests a restful night — you don't need to lose sleep over your tax filing.
Shared-Lodging Management (Airbnb)
Revenue attribution for managed properties, managing overseas platform settlements
We manage the property on the owner's behalf — and keep your tax filing just as clearly separated.
Camping & Glamping Sites
Site facility depreciation, peak-season deposit revenue management
Enjoy camping freely — we'll keep your tax filing precisely on schedule.