Funding & Pre-order

How do I file a VAT return for a funding/pre-order project

와디즈

✔️Even individuals who are not business operators may be subject to comprehensive income tax (global income tax) as business income or other income.

*This guide is for reference purposes only. Please verify with a tax professional or the National Tax Service before filing and paying.

Step 1. Check the [Tax Filing Data] menu in Maker Page Studio

In Maker Page Studio, you can check your funding, pre-order, and store sales data all at once.
You can check the final payment amount (sales agency amount) by quarter or month, and also check the fees that Wadiz charges you.

Click Download Tax Filing Detailed Data to check in detail the sales amounts and related fee amounts per project.

⚠️ Notes and Cautions

You can view settlement data generated from January 2025 onwards.
If the business registration number or resident registration number differs per project, please download the tax filing detailed data and verify the business name/business registration number.

➡️These are answers to frequently asked questions about the Tax Filing Data menu.

Q. Where can I view the Tax Filing Data screen?

A. You can check tax filing data for Funding+ and Store projects in Maker Page Studio. You can also directly access the tax filing data link within each project’s Maker Studio.

Q. From when can I view tax filing data?

A. You can view settlement data generated from January 2025 onwards for Funding+ and Store projects.

Q. The Tax Filing Data menu is not visible in Funding+ Maker Studio.

A. For Funding+, tax filing data is provided for projects submitted after September 2024. Therefore, the Tax Filing Data menu is available in Maker Studio only for projects registered after September 2024.

Q. I am an integrated maker, but the full history for all business registration numbers is not showing.

A. If you have integrated two or more business entities into a single Maker Page, you need to access the Maker Page Studio of the parent (top-level) entity to view the full history. Subsidiary business entities can only view the history corresponding to their own business registration number.

Step 2. Match the final payment amount (sales agency amount) per project against the settlement statement

✅Funding Project

For funding projects, the method by which the final payment amount (sales agency amount) is aggregated varies depending on the settlement stage as follows.

(Pre-settlement) Total payment amount is aggregated based on the month in which project end date D+2 falls
(Final settlement) Total refund amount is aggregated based on the month in which the payment reference date on the settlement statement falls

(Example) Based on funding final settlement statement

Project information	Payment information in final settlement statement			Sales agency amount
Project end date	Payment reference date	Total payment amount	Total refund amount	Final payment amount
1/31	3/31	100,000 KRW	30,000 KRW	70,000 KRW

(Example) Based on tax filing detailed data

Category	Aggregation method	Aggregation reference date	Revenue recognition month	Sales agency amount
Funding	Pre-settlement	2/2(*)	February	100,000 KRW
Funding	Final settlement	3/31	March	(-) 30,000 KRW
Project final payment amount				70,000 KRW

*The project end date is 1/31 and project end D+2 is 2/2, so revenue is recognized in February, not January

✅Pre-order Project

For pre-orders, unlike funding, since it involves a purchase of an already-existing product, it is subject to e-commerce law and revenue must be recognized at the time of purchase confirmation (reward delivery completion date + 7 days).
The final payment amount (sales agency amount) for pre-orders is the total payment amount minus the total refund amount on the final settlement statement; however, the monthly revenue reported may differ from the payment amount on the settlement statement as it is calculated based on purchase confirmations and return confirmations per reward.
When checking the sales amount for VAT filing, please refer to the sales agency amount provided by Wadiz.

(Example) Based on pre-order final settlement statement

Project information	Payment information in final settlement statement			Sales agency amount
Reward delivery completion date	Payment reference date	Total payment amount	Total refund amount	Final payment amount
1/1~3/5	3/31	150,000 KRW	50,000 KRW	100,000 KRW

(Example) Based on tax filing detailed data

Category	Aggregation method	Aggregation reference date	Revenue recognition month	Sales agency amount
Pre-order	Purchase confirmed	2025-01-15	January	50,000 KRW
	Purchase confirmed	2025-01-31	January	50,000 KRW
	Return confirmed	2025-02-10	February	(-) 50,000 KRW
	Purchase confirmed	2025-03-05	March	50,000 KRW
Project final payment amount				100,000 KRW

As shown in the example above, the sales agency amount is aggregated monthly as January 100,000 KRW, February (-) 50,000 KRW, and March 50,000 KRW.
If there are only return confirmations in a given month, the sales for that month may be negative.

⚠️ Notes and Cautions

For projects where you received a settlement statement before January 1, 2025, reconciliation is not possible and the aggregation method may differ, so please contact the Wadiz customer center.

Step 3. VAT Filing

Once you have completed verification of the settlement data in the previous step, you must file and pay VAT on the applicable amount through Hometax.

✅Corporations or individual business operators must file a VAT return.

Corporate businesses: 4 times per year (quarterly)
Individual businesses (general): 2 times per year (semi-annually), except in certain cases
Individual businesses (simplified VAT taxpayers): once per year

If you are an individual (not a business operator), you must file under comprehensive income tax (global income tax) as business income or other income, not VAT.
For detailed VAT filing and payment deadlines and methods, please refer to Hometax.

✅In accordance with Article 75 of the VAT Act, Wadiz submits sales agency sales data by the 15th of the following month each quarter.

Category	Revenue target month	Sales agency data submission deadline	Sales agency data inquiry available date	VAT filing and payment deadline
Q1	January-March	4/15	4/17	4/25
Q2	April-June	7/15	7/17	7/25
Q3	July-September	10/15	10/17	10/25
Q4	October-December	1/15	1/17	1/25

✅Using the tax filing data provided by Wadiz and the sales agency sales data submitted to the National Tax Service as reference, please file the revenue category as "Other (sales not covered by regular receipts)" when filing VAT.

Please verify once more the sales data provided by Wadiz and the sales agency sales data submitted to the National Tax Service (Hometax).
Your sales are generated by providing rewards to supporters, so you cannot issue a sales tax invoice to Wadiz.
Therefore, when filing VAT, please make sure to report the revenue category as Other (sales not covered by regular receipts).

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Funding & Pre-order

How do I file a VAT return for a funding/pre-order project

와디즈

✔️Even individuals who are not business operators may be subject to comprehensive income tax (global income tax) as business income or other income.

*This guide is for reference purposes only. Please verify with a tax professional or the National Tax Service before filing and paying.

Step 1. Check the [Tax Filing Data] menu in Maker Page Studio

Click Download Tax Filing Detailed Data to check in detail the sales amounts and related fee amounts per project.

⚠️ Notes and Cautions

You can view settlement data generated from January 2025 onwards.
If the business registration number or resident registration number differs per project, please download the tax filing detailed data and verify the business name/business registration number.

➡️These are answers to frequently asked questions about the Tax Filing Data menu.

Q. Where can I view the Tax Filing Data screen?

A. You can check tax filing data for Funding+ and Store projects in Maker Page Studio. You can also directly access the tax filing data link within each project’s Maker Studio.

Q. From when can I view tax filing data?

A. You can view settlement data generated from January 2025 onwards for Funding+ and Store projects.

Q. The Tax Filing Data menu is not visible in Funding+ Maker Studio.

Q. I am an integrated maker, but the full history for all business registration numbers is not showing.

Step 2. Match the final payment amount (sales agency amount) per project against the settlement statement

✅Funding Project

For funding projects, the method by which the final payment amount (sales agency amount) is aggregated varies depending on the settlement stage as follows.

(Pre-settlement) Total payment amount is aggregated based on the month in which project end date D+2 falls
(Final settlement) Total refund amount is aggregated based on the month in which the payment reference date on the settlement statement falls

(Example) Based on funding final settlement statement

Project information	Payment information in final settlement statement			Sales agency amount
Project end date	Payment reference date	Total payment amount	Total refund amount	Final payment amount
1/31	3/31	100,000 KRW	30,000 KRW	70,000 KRW

(Example) Based on tax filing detailed data

Category	Aggregation method	Aggregation reference date	Revenue recognition month	Sales agency amount
Funding	Pre-settlement	2/2(*)	February	100,000 KRW
Funding	Final settlement	3/31	March	(-) 30,000 KRW
Project final payment amount				70,000 KRW

*The project end date is 1/31 and project end D+2 is 2/2, so revenue is recognized in February, not January

✅Pre-order Project

For pre-orders, unlike funding, since it involves a purchase of an already-existing product, it is subject to e-commerce law and revenue must be recognized at the time of purchase confirmation (reward delivery completion date + 7 days).
The final payment amount (sales agency amount) for pre-orders is the total payment amount minus the total refund amount on the final settlement statement; however, the monthly revenue reported may differ from the payment amount on the settlement statement as it is calculated based on purchase confirmations and return confirmations per reward.
When checking the sales amount for VAT filing, please refer to the sales agency amount provided by Wadiz.

(Example) Based on pre-order final settlement statement

Project information	Payment information in final settlement statement			Sales agency amount
Reward delivery completion date	Payment reference date	Total payment amount	Total refund amount	Final payment amount
1/1~3/5	3/31	150,000 KRW	50,000 KRW	100,000 KRW

(Example) Based on tax filing detailed data

Category	Aggregation method	Aggregation reference date	Revenue recognition month	Sales agency amount
Pre-order	Purchase confirmed	2025-01-15	January	50,000 KRW
	Purchase confirmed	2025-01-31	January	50,000 KRW
	Return confirmed	2025-02-10	February	(-) 50,000 KRW
	Purchase confirmed	2025-03-05	March	50,000 KRW
Project final payment amount				100,000 KRW

⚠️ Notes and Cautions

For projects where you received a settlement statement before January 1, 2025, reconciliation is not possible and the aggregation method may differ, so please contact the Wadiz customer center.

Step 3. VAT Filing

Once you have completed verification of the settlement data in the previous step, you must file and pay VAT on the applicable amount through Hometax.

✅Corporations or individual business operators must file a VAT return.

Corporate businesses: 4 times per year (quarterly)
Individual businesses (general): 2 times per year (semi-annually), except in certain cases
Individual businesses (simplified VAT taxpayers): once per year

✅In accordance with Article 75 of the VAT Act, Wadiz submits sales agency sales data by the 15th of the following month each quarter.

Category	Revenue target month	Sales agency data submission deadline	Sales agency data inquiry available date	VAT filing and payment deadline
Q1	January-March	4/15	4/17	4/25
Q2	April-June	7/15	7/17	7/25
Q3	July-September	10/15	10/17	10/25
Q4	October-December	1/15	1/17	1/25

✅Using the tax filing data provided by Wadiz and the sales agency sales data submitted to the National Tax Service as reference, please file the revenue category as "Other (sales not covered by regular receipts)" when filing VAT.

Please verify once more the sales data provided by Wadiz and the sales agency sales data submitted to the National Tax Service (Hometax).
Your sales are generated by providing rewards to supporters, so you cannot issue a sales tax invoice to Wadiz.
Therefore, when filing VAT, please make sure to report the revenue category as Other (sales not covered by regular receipts).

There's no previous post.

There's no next post.

How do I file a VAT return for a funding/pre-order project

✔️The applicable VAT may vary depending on the business type (corporation/individual business) and reward type (taxable/tax-exempt items).

✔️Even individuals who are not business operators may be subject to comprehensive income tax (global income tax) as business income or other income.

Step 1. Check the [Tax Filing Data] menu in Maker Page Studio

⚠️ Notes and Cautions

➡️These are answers to frequently asked questions about the Tax Filing Data menu.

Step 2. Match the final payment amount (sales agency amount) per project against the settlement statement

✅Funding Project

✅Pre-order Project

⚠️ Notes and Cautions

Step 3. VAT Filing

✅Corporations or individual business operators must file a VAT return.

✅In accordance with Article 75 of the VAT Act, Wadiz submits sales agency sales data by the 15th of the following month each quarter.

✅Using the tax filing data provided by Wadiz and the sales agency sales data submitted to the National Tax Service as reference, please file the revenue category as "Other (sales not covered by regular receipts)" when filing VAT.

How do I file a VAT return for a funding/pre-order project

✔️The applicable VAT may vary depending on the business type (corporation/individual business) and reward type (taxable/tax-exempt items).

✔️Even individuals who are not business operators may be subject to comprehensive income tax (global income tax) as business income or other income.

Step 1. Check the [Tax Filing Data] menu in Maker Page Studio

⚠️ Notes and Cautions

➡️These are answers to frequently asked questions about the Tax Filing Data menu.

Step 2. Match the final payment amount (sales agency amount) per project against the settlement statement

✅Funding Project

✅Pre-order Project

⚠️ Notes and Cautions

Step 3. VAT Filing

✅Corporations or individual business operators must file a VAT return.

✅In accordance with Article 75 of the VAT Act, Wadiz submits sales agency sales data by the 15th of the following month each quarter.

✅Using the tax filing data provided by Wadiz and the sales agency sales data submitted to the National Tax Service as reference, please file the revenue category as "Other (sales not covered by regular receipts)" when filing VAT.