Declaration of closed business
Declaring closure of business in regards to business registration
- A person who has registered his/her nail beauty arts business shall, if he/she closes the said business, report thereon to the head of a Si/Gun/Gu within 20 days from the date on which he/she closes his/her nail beauty arts business (Main text of Article 3(2) of the Public Health Control Act and Subparagraph 1 of Article 3(3) and annexed Form 5-2 of the Enforcement Regulations of the Public Health Control Act).
※ However, declaring closure of business is prohibited for a period during which his/her business is suspended under Article 11 (A condition in Article 3(3) of the Public Health Control Act).
- If a person wishes to declare or report closure as provided above along with the filing of report on closure pursuant to Article 8(6) of the Value-Added Tax Act, he/she shall also submit a form for declaration of closure as provided in annexed Form 9 of the Enforcement Regulations of the Value-Added Tax Act (First provision of Article 3-3(2) of the Enforcement Regulations of the Public Health Control Act).
- In addition, if the head of a competent tax office receives a declaration of closed business pursuant to Article 13(5) of the Enforcement Decree of the Value-Added Tax Act and sends it to the head of a Si/Gun/Gu, the declaration of closure shall be deemed to have been submitted (Article 3-3(3) of the Enforcement Regulations of the Public Health Control Act).
Declaration of closure of a registered business
- Where an entrepreneur whose business has been registered closes his/her business, the entrepreneur shall promptly file a declaration of closed business stating the following, with the head of a tax office or the head of any other tax office chosen at the convenience of the reporting person (including submission via the national tax information and communications network) (The Main Text of Article 8(7) of the Value-Added Tax Act and Article 13(1) of the Enforcement Decree of the Value-Added Tax Act).
· Personal details of the entrepreneur
· The date and reasons of business closure
· Other reference information
- The declaration form for closed business shall be accompanied by a business registration certificate and a written verification of business closure (referring to a copy of document attesting to the fact that the declaration form for closed business has been filed) (Article 13(2) of the Enforcement Decree of the Value-Added Tax Act).
- If an entrepreneur who has registered his/her business submits the final return of value-added tax, stating the date of business closure and the reasons, along with his/her business registration certificate and a written verification of business closure, he/she shall be deemed to have filed a declaration form for closed business (Article 13(3) of the Enforcement Decree of the Value-Added Tax Act and annexed Form 21 of the Enforcement Regulations of the Value-Added Tax Act).
Declaration of withdrawal and termination of four major public insurances
Declaration
of withdrawal as workplace automatically covered by the national pension
When a nail beautician closes his/her business as an employer of an automatically covered workplace, the said nail beautician shall submit to the National Pension Service a declaration of withdrawal of his/her business and documents to prove such withdrawal by the 15th of the month following the month where the reasons for the closure arose (Article 21(1) of the National Pension Act and the Former part of the Article 4 and
attached Form 4 of the Enforcement Regulation of the National Pension Act).
Declaration
of withdrawal of workplace covered by the national pension
- Where a business is to be closed, the nail beautician concerned shall submit a declaration of withdrawal of workplace (including electronic documents) accompanied by documents that prove such withdrawal (including electronic documents) to the National Health Insurance Service within 14 days from the date of business closure (Article 7(2) of the National Health Insurance Act and Subparagraph 1 of Article 3(3) and annexed Form 4 of the Enforcement Regulations of the National Health Insurance Act).
Declaration
of the termination of insurance relationship for employment insurance and industrial accident compensation insurance
- The insurance relationship for employment insurance and industrial accident compensation insurance shall be terminated on the day following the date the relevant nail salon has been discontinued or terminated (Subparagraph 1 of Article 10 of the Act on the Collection of Insurance Premiums, Etc. for Employment Insurance and Industrial Accident Compensation Insurance).
- If an insurance relationship has been terminated due to discontinuance, termination, etc. of a nail beauty arts business, the concerned nail beautician shall declare or report the termination of an insurance relationship to COMPEL within 14 days from the date the insurance relationship is terminated (Article 11(1) of the Act on the Collection of Insurance Premiums, Etc. for Employment Insurance and Industrial Accident Compensation Insurance, and the Former part of the Article 7(3) and annexed Form 4 of the Enforcement Regulations of the Act on the Collection of Insurance Premiums, Etc. for Employment Insurance and Industrial Accident Compensation Insurance).