Coupang Partners business type change (individual → individual business)
Dobby Lake | Sep 29, 2022 | 6 comments
Category: Private Business, Profitable Blog | Tags: Affiliate Marketing, Coupang Partners
Coupang Partners, who joined as an individual, changed the business type to an individual business (tax invoice Y) and organized the method.
Hide Table of Contents 쿠팡 이메일 변경
1 What is Coupang Partners?
2 Types of Coupang Partners operators 윤과장의 소소한 일상 이야기
3 Coupang Partners Settlement Types
4 Review change from individual to sole proprietorship (tax invoice Y)
5 How to change the business type of Coupang Partners
6 Coupang Partners Individual → Change to individual business (tax invoice Y)
7 Questions after changing Coupang Partners account
8 Closing
Coupang Partners
What is Coupang Partners?
It is Coupang’s own affiliate marketing service that distributes 3% of sales for purchases made through my link.
Coupang Partners’ is an online affiliate marketing service operated by Coupang, and anyone who uses the homepage, blog, SNS, etc. can use it. We expose products sold in Coupang on your page and pay advertising costs when a purchase occurs.
Types of Coupang Partners operators
When signing up for Coupang Partners, select the business type. There are three types of operators to choose from:
Coupang Partners subscribing business type
Individual entrepreneurs are divided into whether or not they can issue tax invoices. Even when you receive a settlement, it is based on the tax invoice.
Operator Type Remarks
Individuals without individual business registration
Individual entrepreneurs (tax invoice N) Individual entrepreneurs simplified taxpayer (less than 48 million won in annual salary)
Corporate/individual entrepreneur (tax invoice Y) Corporation, individual entrepreneur, general taxable person, simplified taxable person (48 to 80 million won for annual salary)
If you do not have a business registration certificate, you can just do it as an individual. General taxpayers are obliged to issue tax invoices. Simple taxpayers have not been able to issue a tax invoice, but from July 2021, simple taxpayers with annual sales (supply price) of 48 million won to 80 million won must issue a tax invoice. So, if you are a simplified taxpayer and you cannot issue a tax invoice, you are a ‘individual business operator (tax invoice N)’ type.
Coupang Partners Settlement Types
There are three types of Coupang Partners businesses, but when it comes to settlement, there are two types of settlement based on the issuance of tax invoices. In other words, it is divided into two categories: corporations that can issue tax invoices for general taxpayers/simplified taxpayers (48 to 80 million won) and individuals/simplified taxpayers who cannot issue tax invoices (less than 48 million won).
Tax invoice paid by business type
Individuals, sole proprietorships (tax invoice N) revenue – withholding tax
X
Corporate/individual business (tax invoice Y) revenue + VAT Tax invoice issued by Coupang Partners in reverse (paid after approval)
If the business operator can issue a tax invoice and file a VAT report, the VAT is included in the payment. If a tax invoice is not issued, the company will pay the proceeds minus the withholding tax. Individual business taxpayers and corporations can issue tax invoices, so after receiving payment including VAT, pay it after settlement when reporting VAT.
The tax invoice is reverse issued by Coupang and approved by me. To do this, you must meet the conditions for issuing a tax invoice. You need to open a corporate account and get an official certificate for tax invoice. You have to do it in Internet Explorer on Windows. ㅠㅠ The tax invoice of less than 5 million won can be issued by Son Tax, a mobile home tax without a corporate account or a certificate of tax invoice. It seems that it is because it has to be certified with a public certificate for tax invoice.
Review change from individual to sole proprietorship (tax invoice Y)
Coupang Partners launched in 2018. Looking at my payment history, it seems that I signed up in August of 2019.
I signed up as an individual because I did not have a private business. Another advantage of Coupang Partners is that they can do business without a business license. 3.3% of the profits were collected and paid. It’s about the price of coffee.
After paying for an individual entrepreneur, I did not change it because I was a simplified taxpayer. However, somehow, the tax type was automatically changed to a general taxable person. I was waiting even if I went back to being a simple taxpayer, but I had to issue a tax invoice, so I decided to sit down as a general taxpayer.
The type of Coupang Partners business was also decided to be changed to an individual business that issues tax invoices (tax invoice Y).
VAT is a method that the business receives and pays when reporting VAT. When you receive VAT, you have a lot of cash right away, but when you report VAT, if the input tax credit is small, it becomes a burden. It is usually said that VAT is also used for business funds. I put VAT in a separate account and use it when paying VAT. If there are many input tax credits, the VAT you have to pay is sometimes a bonus income. The withholding tax is 3.3% and the value-added tax is 10%. If you take good care of the input tax credit and global income tax when reporting VAT, you can leave the VAT you received.
For this reason, it was decided to change the business type of Coupang Partners from an individual to an individual business that issues a tax invoice (tax invoice Y).
How to change the business type of Coupang Partners
I inquired at the Coupang partner customer center about how to change it to the type of individual business that issues tax invoices.
Depending on whether a tax invoice is issued or not, the method for changing the business type is different.
how to change
Individual ⟷ Individual business (tax invoice N) Customer Center application
Individual/Individual business operator (tax invoice N) ⟷ Individual/Corporation (tax invoice Y) to a new account
Can be changed between types without tax invoice
Individuals and sole proprietors (tax invoice N) can change each other. You can request it at the Coupang Partners Customer Center. Since it is paid after the 3.3% withholding tax is collected, it is the same that VAT is not included.
Tax invoice unissued ⟷ When changing to issuance, you must apply for a new Coupang account + Coupang Partners
It is not possible to change directly from the non-issued tax invoice type to the issuing type. You need to create a new Coupang Partners account and select the type of business you want there. Then, you must request the Coupang Partners Customer Center to change from the existing account to the newly created account.
However, only one Coupang Partners account can be created per Coupang account. How can I create a new Coupang Partners account? When I contacted the customer center again, they told me to create a new Coupang account and sign up for Coupang Partners.
It was the first time I knew that you could create multiple Coupang accounts. It’s like signing up with an email. However, even if there are multiple accounts, only one user authentication account is allowed. Coupang Partners must verify their identity. In the end, you have to create a new Coupang account, sign up for Coupang Partners, and use this account. I need to create a new Coupang account because of Coupang Partners’ tax invoice issue.
The answer received from the Coupang Partners Customer Center is as follows.
hello.
This is Coupang Partners.
Coupang Partners can sign up for the service after going through Coupang’s mobile phone authentication process.
Therefore, Coupang Partners, in principle, operates one account per personal information, and it is difficult to create additional accounts other than one systematically authenticated account.
If you need a different settlement than before, you can sign up and operate with a new Coupang account.
1. Create a new account with the payment type you want to change (However, the name of the payer in both accounts must be the same.)
2. Transfer proceeds from your current personal account to a new account. (At this time, the proceeds are transferred and the existing account is automatically withdrawn.)
3. Proceeds transferred to the new account will be processed in the following month, and activities with the new account will be conducted later
Changes between types can be made between the 16th and 24th of every month, so please request a transfer with the old AF ID and the new AF ID within that period, and we will check and process it.
thank you
Coupang Partners Dream.
Change from Coupang Partners Individual → Individual Business (Tax Invoice Y)
You can change between the 16th and 24th of each month.
1. Sign up for Coupang. The names of the two accounts must be the same, so you must enter your name and mobile phone number as before. That’s how you see them as the same person and transfer them.
Join Coupang
2. Join Coupang Partners.
Enter the business type as individual/corporate (tax invoice Y). For information on how to sign up, refer to How to sign up as an individual entrepreneur who issues tax invoices.
Select Coupang Partners subscribing business type
3. After registration is complete, apply for a change of Coupang Partners ID to the Coupang Partners Customer Center.
Send the old and new Coupang Partners IDs starting with AF to the Coupang Partners Customer Center to request a change. It can be changed between the 16th and 24th of each month.
You can apply for Coupang Partners Customer Center by logging in to Coupang Partners and going to Help > Inquiry > Contact Us.
4. Your Coupang Partners account will be transferred after 1-2 days. Any amount that has not been settled in the previous account has been transferred.
From now on, you must use the new Coupang Partners link. You will need to replace the existing link with the link created in the newly created account. ㅠㅠ
Questions after changing Coupang Partners account
Will the proceeds from the previous Coupang Partners account be transferred to the new account?
Proceeds from the old account were transferred to the new account and processed the following month.
Looking at the Coupang Partners customer center answer, it is transferred to a new account.
2. Transfer proceeds from your current personal account to a new account. (At this time, the proceeds are transferred and the existing account is automatically withdrawn.)
3. Proceeds transferred to the new account will be processed in the following month, and activities with the new account will be conducted later
In the new account, the settlement and payment report showed the previous account data.
Are referrals from previous accounts valid?
Doesn’t seem valid. It seems that the account is not transferred except for the payment of profits.
All previous referral proceeds have disappeared from the referral report.
Are the Coupang Partners links created in the previous account valid?
Can not be done. I made a link again with the newly created account.
Will performance reports from previous accounts be transferred?
Can not be done. All previous achievements have disappeared.
Only the proceeds are transferred and the rest is the same as creating a new account.
Should I use a new Coupang account?
I have 2 Coupang accounts. Do I need to close my existing Coupang account because I can only verify my identity? So, what about existing order history, etc.?
You can continue using your existing Coupang account.
However, only when using a new Coupang Partners account, log in with the newly created Coupang account and log in to Coupang Partners.