The terms used in this Act are defined as follows: <Amended on Dec. 24, 2018; Dec. 22, 2020>
1. The term "goods" means any things or rights that have property value. Matters necessary for the scope of things and rights shall be prescribed by Presidential Decree;
2. The term "services" means all labor and activities, other than goods, that have property value. Matters necessary for the scope of services shall be prescribed by Presidential Decree;
3. The term "entrepreneur" means any person who supplies goods or services independently for business, regardless of whether the business aims to make profit;
4. The term "simplified taxable person" means any sole proprietor whose total proceeds from supply of goods and services in the immediately preceding calendar year (referring to proceeds including value-added taxes; hereinafter referred to as "proceeds from supply") fall short of the amount prescribed by Presidential Decree pursuant to Article 61 (1) and who is allowed to file and pay his or her value-added tax according to the simplified procedures under Chapter VII;
5. The term "general taxable person" means an entrepreneur who is not a simplified taxable person;
6. The term "taxable business" means any business that supplies goods or services subject to the imposition of value-added tax;
7. The term "tax-free business" means any business that supplies goods or services exempt from value-added tax;
8. The term "nonresident" means any nonresident defined in Article 1-2 (1) 2 of the Income Tax Act;
9. The term "foreign corporation" means any foreign corporation defined in subparagraph 3 of Article 2 of the Corporate Tax Act.