3/18 Talk about the cash receipt system in Korea.

When you buy something in cash in Korea, you can get what’s called a “cash receipt.”

* buy/get something in cash: 현금으로 물건을 구매하다

ex> You can get a discount if you buy it in cash.

It’s similar to a regular receipt except that the transaction is reported to the National Tax Service.

The cash receipt lets you document your expenses for when you file your taxes.

* document one’s expenses: 지출 내역을 기록하다

* file one’s taxes: 소득 신고를 하다, 연말 정산을 하다

ex> You need to prepare some documents to file your taxes.

It helps the tax authorities to keep track of cash transactions more transparently.

* transparently: 투명하게

* keep track of: ~을 파악하다, ~을 기록하다

ex> I've tried to keep track of his whereabouts.

It has the same effect of using a credit card or debit card.

In order to make use of this system, you have to sign up with the National Tax Service.

* sign up with: ~에 가입하다, 등록하다

ex> Many customers signed up with my company.

You can get a “cash receipt card” issued and use that instead.

* get something issued: ~을 발급 받다

ex> I finally got my membership card issued.

@ My balance is too low. 잔액이 부족해.

<HOMEWORK>

1.      I prefer to buy things in cash.

2.      I haven’t filed my taxes yet.

3.      I always keep track of my expenses.

4.      I need to get my student ID issued.

@ Related Topics>> Cash Receipts