노란우산공제 가입방법Member banks of Yellow Umbrella Deduction include Korea Post, Kookmin Bank, Industrial Bank of Korea, Nonghyup Bank, Shinhan Bank, Woori Bank, Hana Bank, Kyongnam Bank, Kwangju Bank, Daegu Bank, Busan Bank, Jeonbuk Bank, and Jeju Bank. You can visit a commercial bank and sign up for the Yellow Umbrella Deduction.
When subscribing to Yellow Umbrella Deduction through a member bank of Yellow Umbrella Deduction, one copy of business registration certificate (documents confirming withholding tax for non-registered merchants), documents verifying sales such as business financial statements or VAT tax standard certificate, business withholding tax performance report Or, documents to confirm full-time workers, such as national pension, health insurance, and employment insurance payment documents (can be omitted if sales confirmation documents are submitted), and in the case of a corporation, a certified copy of corporate registration, etc.
In this way, business operators can easily find banks that are members of the Yellow Umbrella Deduction. However, the yellow umbrella deduction is not necessarily available only at banks. You can sign up online through a public certificate, and you can sign up through the call center of the Korea Federation of Small and Medium Business. You can also sign up by visiting the nearest Small and Medium Business Administration, or through a counselor specializing in Yellow Umbrella Mutual Aid.
On the other hand, Yellow Umbrella Deduction is a system that protects small businesses and small business owners from livelihood threats such as business closure, old age, retirement, and death, and provides opportunities for business recovery. am.
The Yellow Umbrella Deduction, which was launched as part of the establishment of a social safety net to protect small businesses in the blind spot of welfare, becomes an income deduction under the official name of ‘Small Enterprise Mutual Aid System’ in global income tax or year-end tax settlement.
The limit of income deduction differs according to the tax base. The tax base is determined as annual net income minus necessary expenses from annual turnover. Since the income of business owners is not constant, the amount of income deduction may vary each year.
The table above shows the income deduction limits according to the tax base. Individuals refer to general taxpayers, simplified taxpayers, joint business operators, and non-registered merchants (freelancers), and corporations refer to corporate business operators.
● Yellow umbrella deduction, better than banks
How to sign up easily
▶ Sign up for Yellow Umbrella Deduction easily (click)
▶ Government contributions, financing system (click)
If a corporation has several corporate businesses, the tax base is determined by adding up all of the income. If the sum exceeds 70 million won, income deduction is not possible for that year, but income deduction is possible for years that do not exceed 70 million won.
You may also be eligible for a grant of hope. The hope subsidy is a subscription subsidy, and is supported only for businesses that have newly subscribed to the Yellow Umbrella Deduction. Currently, the regions where the Yellow Umbrella Deduction Hope Subsidy is implemented are Seoul, Incheon, Gyeonggi, Gwangju, Ulsan, Gyeongnam, Daejeon, Busan, and Jeju.
The full amount of the deduction paid into the Yellow Umbrella Deduction is protected from foreclosure and annual compound interest is added. In addition, it can be used as a low-interest loan when operating funds are needed, and when applying for policy funds from the Small Enterprise Market Promotion Corporation, yellow umbrella deduction subscribers can receive preferential treatment.
