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ACT ON THE ADJUSTMENT, ETC. OF NATIONAL AND LOCAL TAXES

Act No. 780, Dec. 2, 1961

Amended by Act No. 1211, Dec. 8, 1962

Act No. 2161, Jan. 1, 1970

Act No. 2327, Dec. 28, 1971

Act No. 2614, Mar. 14, 1973

Act No. 2932, Dec. 22, 1976

Act No. 2921, Dec. 22, 1976

Act No. 3459, Dec. 5, 1981

Act No. 3757, Dec. 24, 1984

Act No. 4028, Dec. 26, 1988

Act No. 4128, jun. 16, 1989

Act No. 4177, Dec. 30, 1989

Act No. 4278, Dec. 31, 1990

Act No. 4415, Dec. 14, 1991

Act No. 4444, Dec. 21, 1991

Act No. 4671, Dec. 31, 1993

Act No. 4743, Mar. 24, 1994

Act No. 5071, Dec. 29, 1995

Act No. 5173, Dec. 12, 1996

Act No. 5586, Dec. 28, 1998

Act No. 6052, Dec. 28, 1999

Act No. 6300, Dec. 29, 2000

Act No. 6549, Dec. 29, 2001

Act No. 7061, Jan. 16, 2004

Act No. 7125, Jan. 29, 2004

Act No. 7253, Dec. 30, 2004

Act No. 7331, Jan. 5, 2005

Act No. 8138, Dec. 30, 2006

Act No. 8521, Jul. 19, 2007

Act No. 8829, Dec. 31, 2007

Act No. 9912, Jan. 1, 2010

Act No. 10219, Mar. 31, 2010

Act No. 12226, Jan. 14, 2014

 Article 1 (Purpose)
The purpose of this Act is to provide for matters necessary for the adjustment, etc. of national taxes and local taxes.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
 Article 2 (National Taxes)
The State shall levy the following national taxes:
1. Income tax;
2. Corporate tax;
3. Inheritance tax and gift tax;
4. Comprehensive real estate holding tax;
5. Value-added tax;
6. Individual consumption tax;
7. Traffic, energy and environment tax;
8. Liquor tax;
9. Stamp duty;
10. Securities transaction tax;
11. Education tax;
12. Special tax for rural development;
13. Revaluation tax;
14. Customs duty;
15. Provisional import surtax.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
 Article 3 (Local Taxes)
Local governments shall levy local taxes based on the following classification:
1. Ordinary taxes:
(a) Acquisition tax;
(b) Registration and license tax;
(c) Leisure tax;
(d) Tobacco consumption tax;
(e) Local consumption tax;
(f) Resident tax;
(g) Local income tax;
(h) Property tax;
(i) Automobile tax.
2. Earmarked taxes:
(a) Local resource and facility tax;
(b) Local education tax.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
 Article 4 (Prohibition of Double Taxation)
The State and local governments shall not enact any tax Act in any name in which taxable items are duplicate except as otherwise provided in this Act.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
 Article 5 (Concession of National Taxes to Local Governments)
(1) Deleted. <by Act No. 7061, Jan. 16, 2004>
(2) Deleted. <by Act No. 7253, Dec. 30, 2004>
[This Article Newly Inserted by Act No. 4278, Dec. 31, 1990]
ADDENDA
(1) This Act shall enter into force on January 1, 4295 in the Dan-gun Era (1962 in the Christian Era).
(2) The Land Tax Act, the Amusements, Food, and Drink Tax Act, the Automobile Tax Act, the Mining Tax Act, and the Pari-Mutuel Tax Act shall be abrogated, and the farmland tax, amusements, food, and drink tax, automobile tax, mining tax, and pari-mutuel tax from among the national taxes shall be integrated in the local taxes.
(3) The house tax, and power tax pursuant to the provisions of the Local Tax Act shall be abolished, and the special activities tax, fishery tax, and traffic tax from among local taxes shall be integrated in the national taxes.
(4) The land tax, amusements, food, and drink tax, automobile tax, mining tax, pari-mutuel tax, house tax, power tax, special activities tax, fishery tax, and traffic tax before this Act enters into force, shall be in accordance with the previous provisions.
ADDENDUM <Act No. 1211, Dec. 8, 1962>
This Act shall enter into force on the date of its promulgation.
ADDENDUM <Act No. 2161, Jan. 1, 1970>
This Act shall enter into force on January 1, 1970.
ADDENDUM <Act No. 2327, Dec. 28, 1971>
This Act shall enter into force on January 1, 1972.
ADDENDUM <Act No. 2614, Mar. 14, 1973>
This Act shall enter into force on April 1, 1973: Provided, That with respect to the telephone service tax, this Act shall be applied on the enforcement date of the Telephone Tax Act.
ADDENDUM <Act No. 2921, Dec. 22, 1976>
This Act shall enter into force on January 1, 1977.
ADDENDA <Act No. 2932, Dec. 22, 1976>
Article 1 (Enforcement Date)
This Act shall enter into force on the enforcement date of the Value-Added Tax Act.
Articles 2 through 12 Omitted.
ADDENDA <Act No. 3459, Dec. 5, 1981>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1982. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Act No. 3757, Dec. 24, 1984>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1985.
Articles 2 through 12 Omitted.
ADDENDA <Act No. 4028, Dec. 26, 1988>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1989.
Articles 2 through 7 Omitted.
ADDENDA <Act No. 4128, Jun. 16, 1989>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1990.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 4177, Dec. 30, 1989>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1990.
Articles 2 through 6 Omitted.
ADDENDA <Act No. 4278, Dec. 31, 1990>
(1) (Enforcement Date) This Act shall enter into force on January 1, 1991.
(2) (Examples of Application) The amended provisions of Article 5 shall be applied from what has been paid after January 1, 1991.
ADDENDA <Act No. 4415, Dec. 14, 1991>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1992.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 4444, Dec. 21, 1991>
(1) (Enforcement Date) This Act shall enter into force on January 1, 1992.
(2) (Examples of Application) The amended provisions of Article 5 (1) shall be applied from what has been paid after January 1, 1992.
ADDENDA <Act No. 4671, Dec. 31, 1993>
(1) (Enforcement Date) This Act shall enter into force on January 1, 1994.
(2) (Examples of Application) The amended provisions of Article 5 (1) shall be applied from what has been paid after January 1, 1994.
ADDENDA <Act No. 4743, Mar. 24, 1994>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 1994.
Articles 2 through 8 Omitted.
ADDENDA <Act No. 5071, Dec. 29, 1995>
(1) (Enforcement Date) This Act shall enter into force on July 1, 1996.
(2) and (3) Omitted.
ADDENDA <Act No. 5173, Dec. 12, 1996>
(1) (Enforcement Date) This Act shall enter into force on January 1, 1997.
(2) (Examples of Application) The amended provisions of Article 5 (1) 1 shall be applied from what has been paid after January 1, 1997.
ADDENDA <Act No. 5586, Dec. 28, 1998>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA <Act No. 6052, Dec. 28, 1999>
(1) (Enforcement Date) This Act shall enter into force on January 1, 2000.
(2) (Special Cases on Concession of Liquor Tax to Local Governments) Notwithstanding the provisions of Article 5 (1) 2, the percentage of concession of liquor tax shall be 95/100 until December 31, 2000.
(3) Omitted.
ADDENDA <Act No. 6300, Dec. 29, 2000>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2001: Provided, That the amendments to Articles 2 and 5 (1) 3 shall enter into force on September 1, 2001.
Article 2 (Transitional Measures on Concession of Telephone Tax to Local Governments)
The telephone tax levied or to be levied under the Telephone Tax Act not later than September 1, 2001 shall be conceded to the local governments under the previous provisions.
Article 3 (Special Cases to Concession of Traffic Tax to Local Governments)
(1) The percentage of concession of the telephone tax to local governments shall be 24/1,000 of the revenue of the traffic taxes in 2001 not later than December 31, 2001, notwithstanding the amendments to Article 5 (1) 3, the matters necessary for the preservation of local financial resources at the time of repealing the Traffic Tax Act shall be consulted and determined among the related Ministries.
(2) The percentage of transfer of the traffic tax to the special account for traffic facilities shall be 976/1,000 of the traffic taxes not later than December 31, 2001, notwithstanding the amendments to Article 8 (1) 1 of the Act on Special Accounts for Traffic Facilities which are to be amended under Article 4 (1) of Addenda.
(3) The percentage of distribution of the conceded amounts to local governments by subjected project shall, notwithstanding the amendments to Article 5 (1) 1 through 4 of the Local Grant Act which are to be amended under Article 4 (2) of the Addenda, be as such that "the entire amount of financial resources of concession of the traffic taxes" among subparagraph 1 of the same paragraph shall be "the entire amount of financial resources of concession of the telephone taxes, and the entire amount of financial resources of concession of the traffic taxes".
Article 4 Omitted.
ADDENDA <Act No. 6549, Dec. 29, 2001>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2002.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 7061, Jan. 16, 2004>
Article 1 (Enforcement Date)
This Act shall enter into force on April 1, 2004. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Act No. 7125, Jan. 29, 2004>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2005.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 7253, Dec. 30, 2004>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2005.
Article 2 Omitted.
ADDENDUM <Act No. 7331, Jan. 5, 2005>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 8138, Dec. 30, 2006>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2007. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Act No. 8521, Jul. 19, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDA <Act No. 8829, Dec. 31, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2008.
Articles 2 through 12 Omitted.
ADDENDUM <Act No. 9912, Jan. 1, 2010>
This Act shall enter into force on January 1, 2010.
ADDENDA <Act No. 10219, Mar. 31, 2010>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2011.
Articles 2 through 12 Omitted.
ADDENDUM <Act No. 12226, Jan. 14, 2014>
This Act shall enter into force on the date of its promulgation.