Corporate Card Expense Calculator

Corporate Card Expense Calculator helps model Korea-related business income, expenses, tax rate, and credits in English.

Corporate card expense inputs

Approved expenses

₩68,600,000

₩0 denied.

Tax saving

₩6,791,400

Effective tax rate 9.9%.

Entertainment limit

₩39,000,000

₩3,250,000 monthly allocation.

Expense efficiency

100.0%

0 denial reasons flagged.

Analyzes Korean corporate-card expense deductibility with the same entertainment expense limits, revenue add-on limits, corporate tax brackets, local income tax, vehicle depreciation and logbook limits, proof thresholds, denial reasons, and tax-saving ranking as the Korean calculator. This English calculator calls the same pure tax calculation function used by the Korean page. Inputs and labels are translated; the formula is not replaced by a generic value-times-rate stub.

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Corporate card expense calculator

This page translates the Korean corporate card expense guide and keeps the same entertainment expense limit, vehicle limit, proof requirement, corporate tax, local tax, denial reason, and tax-saving ranking logic.

Entertainment expense limits

The Korean model starts with the statutory entertainment expense base limit. For a 12-month business year, the SME base limit is KRW 36 million and the general corporation base limit is KRW 18 million.

A revenue-linked additional limit is then added: 0.3 percent for revenue up to KRW 10 billion, 0.2 percent for the next band up to KRW 50 billion, and 0.03 percent above KRW 50 billion. Business-month proration is applied to both base and additional limits.

Vehicle and proof rules

Vehicle expenses are checked with the same KRW 8 million annual depreciation limit per vehicle and the KRW 15 million no-logbook total annual limit. Business-only insurance and logbook status change how much vehicle expense is recognized.

Proof thresholds are also reflected. General expenses above KRW 30,000 per transaction and entertainment expenses above KRW 10,000 per transaction require proper evidence, and missing proof is treated as denied expense.

Tax saving analysis

The tax saving uses Korean corporate tax brackets and local income tax at 10 percent of corporate tax. In this calculator the corporate bracket rates are 9, 19, 21, and 24 percent before local tax.

Use the result to decide whether spending should be reclassified, capped, documented, or supported by vehicle logs. The page is intended for planning and internal controls, not for replacing formal expense approval.