ENFORCEMENT DECREE OF THE REVENUE STAMP ACT
Presidential Decree No. 9868, May 10, 1980
Amended by Presidential Decree No. 10870, Jul. 21, 1982
Presidential Decree No. 11426, May 16, 1984
Presidential Decree No. 13899, jun. 8, 1993
Presidential Decree No. 14438, Dec. 23, 1994
Presidential Decree No. 15750, Apr. 1, 1998
Presidential Decree No. 16288, May 10, 1999
Presidential Decree No. 17004, Nov. 28, 2000
Presidential Decree No. 18470, Jul. 13, 2004
Presidential Decree No. 20720, Feb. 29, 2008
Presidential Decree No. 22493, Nov. 15, 2010
Presidential Decree No. 23053, Aug. 3, 2011
Presidential Decree No. 24441, Mar. 23, 2013
Presidential Decree No. 25002, Dec. 17, 2013
Presidential Decree No. 26145, Mar. 17, 2015
Presidential Decree No. 27218, jun. 9, 2016
Presidential Decree No. 27299, jun. 30, 2016
Presidential Decree No. 27556, Oct. 25, 2016
Presidential Decree No. 27954, Mar. 27, 2017
Presidential Decree No. 28173, jun. 30, 2017
Presidential Decree No. 28211, Jul. 26, 2017
The purpose of this Decree is to provide for matters delegated by the Revenue Stamp Act and those necessary for the enforcement thereof. [This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 2 (Issuance of Revenue Stamps) |
| (1) | Every fiscal year, the Minister of Strategy and Finance shall formulate a plan for issuing revenue stamps. |
| (2) | The issuance date of revenue stamps shall be the date recorded in the issuance ledger of revenue stamps. |
| (3) | Upon issuing revenue stamps, the Minister of Strategy and Finance shall transfer them to the Governor of the Bank of Korea: Provided, That this shall not apply to revenue stamps issued through the information and communications networks (hereinafter referred to as "electronic revenue stamp") under Article 2 (1) of the Revenue Stamp Act (hereinafter referred to as the “Act”). <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 3 (Provision of Revenue Stamps) |
Revenue stamps transferred to the Governor of the Bank of Korea pursuant to the main sentence of Article 2 (3) shall be provided through the institutions classified as follows: <Amended by Presidential Decree No. 24441, Mar. 23, 2013; Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28211, Jul. 26, 2017> | 1. | Provision to post offices: Institutions designated by the Minister of Science and ICT; |
| 2. | Provision to financial companies, etc. specified in Article 6 (hereinafter referred to as “financial companies, etc.”): The main office, branch offices and agencies of the Bank of Korea; |
| 3. | Provision to revenue stamp booths: Institutions designated by the Governor of the Bank of Korea (hereinafter referred to as “providing institutions”) from among the post offices, financial companies, etc. (hereinafter referred to as “sales institutions”). |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 4 (Types, etc. of Revenue Stamps) |
| (1) | The total number of types of revenue stamps shall be up to 20, depending on the face value; and the face value of revenue stamps shall be determined by Ordinance of the Ministry of Strategy and Finance in consideration of economic conditions, payment convenience, etc.: Provided, That the face value of electronic revenue stamps shall be the amount paid by a person who purchases the electronic revenue stamps. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| (2) | The dimensions and shape of revenue stamps, other than electronic revenue stamps, shall be as shown in attached Drawing No. 1. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| (3) | The dimensions and shape of electronic revenue stamps shall be as follows: <Amended by Presidential Decree No. 28173, Jun. 30, 2017> |
| 1. | An electronic revenue stamp for paper documents mentioned in Article 2 (2) 1 of the Act (hereinafter referred to as “electronic revenue stamp for paper documents”): Attached Drawing No. 2 |
| 2. | An electronic revenue stamp for electronic documents mentioned in Article 2 (2) 2 of the Act (hereinafter referred to as “electronic revenue stamp for electronic documents”): Attached Drawing No. 3 |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 5 Deleted. <by Presidential Decree No. 16288, May 10, 1999> |
| Article 6 (Financial Companies, etc. Allowed to Sell Revenue Stamps) |
“Financial companies, etc. prescribed by Presidential Decree” in Article 3 (1) of the Act means the following financial companies, etc.: <Amended by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 27556, Oct. 25, 2016> | 1. | Banks established with authorization under the Banking Act; |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 6-2 (Sales of Electronic Revenue Stamps) |
| (1) | An administrative agency allowed to sell electronic revenue stamps pursuant to Article 3 (2) of the Act shall be the administrative agency which has completed consultation with the Minister of Strategy and Finance regarding the sale of electronic revenue stamps, among the administrative agencies which can require the use of revenue stamps or payment using revenue stamps pursuant to Article 5 of the Act. |
| (2) | The information and communications network, including the payment system for the sale of electronic revenue stamps, etc., under Article 3 (2) of the Act shall be provided by an agency entrusted with the business affairs related to electronic revenue stamps pursuant to Article 9 (2) of the Act (hereinafter referred to as “electronic revenue stamp agency”). |
[This Article Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013]
| Article 7 (Requirements for Vendors) |
Any person who intends to become a vendor of revenue stamps (hereinafter referred to as “vendor”), other than post offices, financial companies, etc., pursuant to Article 4 (1) and (2) of the Act, shall be a person who aims to sell revenue stamps to the public without any record of having been subject to the termination of a contract due to a violation of a contract for the sale of revenue stamps referred to in paragraph (1) of the same Article within the recent one year. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> [This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 7-2 (Matters to Be Observed by Sellers) |
| (1) | “Matters prescribed by Presidential Decree” in subparagraph 1 (b) of Article 4-2 of the Act means that where the address or name of a seller is changed or a revenue stamp booth is relocated, such change or relocation shall without delay be notified to an electronic revenue stamp agency. |
| (2) | “Matters prescribed by Presidential Decree” in subparagraph 2 (c) of Article 4-2 of the Act means any of the following: |
| 1. | Revenue stamps (excluding electronic revenue stamps; hereafter the same shall apply in subparagraph 2) shall not be supplied by at least two providing institutions; |
| 2. | Where the address or name of a seller is changed or a revenue stamp booth is relocated, such change or relocation shall be notified to the Bank of Korea through a providing institution. |
[This Article Newly Inserted by Presidential Decree No. 27954, Mar. 27, 2017]
| Article 8 (Types of Fees Payable Using Revenue Stamps) |
The types of fees which can be paid to the State using revenue stamps pursuant to Article 5 (2) of the Act shall be as follows, except as otherwise provided for in other statutes: | 1. | Fees paid to undergo examination, recognition, verification, certification, appraisal, testing, or inspection by a State agency; |
| 2. | Fees paid to obtain permission, authorization, license, patent or registration from a State agency; |
| 3. | Fees paid to obtain notarization or verification from a State agency or to request the acceptance by a State agency; |
| 4. | Fees paid for the issuance of a certified copy or abridged transcript of public records; |
| 5. | Fees paid for the issuance of the authentic copy, a certified copy or an abridged copy of the judgment of a criminal case; |
| 6. | Fees paid for the perusal of public records or for the issuance of the authentic copy of a contract; |
| 7. | Fees collected by a pubic official to conduct the duties of an execution officer. |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 9 (Exchange or Repurchase of Revenue Stamps) |
| (1) | A vendor may request the exchange of revenue stamps he/she is holding (excluding electronic revenue stamps; hereafter the same shall apply in this paragraph and paragraphs (2) and (3)) to a providing institution that has provided the relevant revenue stamps, except for the revenue stamps deemed unsaleable because he/she has intentionally or by gross negligence contaminated or damaged. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| (2) | When a vendor discontinues the business of selling revenue stamps or dies or, in any other extenuating circumstance, the vendor himself/herself or his/her heir may make a request for the repurchase of the remaining revenue stamps to a providing institution that has provided the relevant revenue stamps at the relevant discounted sale price. <Amended by Presidential Decree No. 26145, Mar. 17, 2015> |
| (3) | A person who has purchased revenue stamps from a sales institution or a vendor and is holding revenue stamps that have not yet been used, may request the sales institution or the vendor to exchange or repurchase them, except for the revenue stamps deemed unsuitable for sale due to contamination or damage. In such cases, the repurchase price shall be the amount equivalent to 95/100 of the face value, but any amount below ten won shall be deemed ten won. <Amended by Presidential Decree No. 26145, Mar. 17, 2015; Presidential Decree No. 28173, Jun. 30, 2017> |
| (4) | Any of the following persons holding an electronic revenue stamp that has not yet been used, may request a sales institution, vendor, or administrative agency under Article 6-2 (1) that sells electronic revenue stamps for paper documents, to repurchase the stamp. In such cases, the repurchase price shall be the amount equivalent to 97/100 of the face value, but any amount below ten won shall be deemed ten won: <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 27299, Jun. 30, 2016; Presidential Decree No. 28173, Jun. 30, 2017> |
| 1. | A person who has purchased an electronic revenue stamp for paper documents from a sales institution, vendor, or administrative agency under Article 6-2 (1) that sells electronic revenue stamps; |
| 2. | A person who has purchased an electronic revenue stamp for paper documents directly through an electronic revenue stamp agency under Article 3 (2) of the Act. |
| (5) | Necessary matters concerning the detailed procedures for repurchasing electronic revenue stamps for paper documents under paragraph (4) shall be determined through consultation between the Minister of Strategy and Finance and the head of an electronic revenue stamp agency. <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28173, Jun. 30, 2017> |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
The commissions paid by the State to the Bank of Korea, an electronic revenue stamp agency, and a sales institution pursuant to Article 6 (1) of the Act shall be classified as follows: <Amended by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28173, Jun. 30, 2017> | 1. | Revenue stamps other than electronic revenue stamps: The following amounts: |
| (a) | Commissions to the Bank of Korea: The amount equivalent to the actual expenses incurred in managing revenue stamps; |
| (b) | Commissions to a sales institution: The amount determined by Ordinance of the Ministry of Strategy and Finance within 4/100 of the sales of electronic revenue stamps: Provided, That no commissions shall be paid for the revenue stamps sold at a discount: |
| 2. | Electronic revenue stamps for paper documents: The following amounts: |
| (a) | Entrustment commissions paid to an electronic revenue stamp agency for paper documents: The amount determined by the Minister of Strategy and Finance in consultation with the head of an electronic revenue stamp agency for paper documents within 5/1,000 of the sales of electronic revenue stamps for paper documents, by taking into account the operational expenses, etc. required to perform the duties entrusted in relation to electronic revenue stamps for paper documents; |
| (b) | Commissions to a sales institution: The amount determined by Ordinance of the Ministry of Strategy and Finance within 2/100 of the sales of electronic revenue stamps for paper documents: Provided, That no commissions shall be paid for the revenue stamps sold at a discount: |
| 3. | Electronic revenue stamps for electronic documents: The following amounts: The amount determined by the Minister of Strategy and Finance in consultation with the head of an electronic revenue stamp agency for electronic documents within 4/100 of the sales of electronic revenue stamps for electronic documents, by taking into account the operational expenses, etc. required to perform the duties entrusted in relation to electronic revenue stamps for electronic documents. |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 11 (Sales Discount Rates) |
| (1) | Where a providing institution sells revenue stamps (excluding electronic revenue stamps) to a vendor, it shall sell them at the discount rate of 4/100 of their respective face values. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| (2) | Where an institution designated by an electronic revenue stamp agency from among the sales institutions (hereinafter referred to as “institution for providing electronic revenue stamps”), sells electronic revenue stamps to a vendor of electronic revenue stamps, it shall sell them at a price discounted by an amount determined by Ordinance of the Ministry of Strategy and Finance within 2/100 of the face value of electronic revenue stamps. <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013> |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 12 (Establishment of Revenue Stamp Sales Account) |
The Governor of the Bank of Korea shall open a revenue stamp sales account with the Bank of Korea for accounting of the proceeds from the sale of revenue stamps (excluding electronic revenue stamps). <Amended by Presidential Decree No. 25002, Dec. 17, 2013>
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 13 (Payment of Sales Proceeds, etc.) |
| (1) | The head of a sales institution shall pay as follows, an amount calculated by deducting the commissions classified under subparagraphs 1 (b), 2 and 3 of Article 10, from the total sales proceeds of revenue stamps sold monthly, by the 10th day of the following month: <Amended by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28173, Jun. 30, 2017> |
| 1. | Sales proceeds of revenue stamps excluding electronic revenue stamps: Payment shall be made to the Bank of Korea; |
| 2. | Sales proceeds of electronic revenue stamps: Payment shall be made to the Ministry of Strategy and Finance as the tax revenue under its jurisdiction to be treated as its general account. |
| (2) | The head of a providing institution or the head of an institution for providing electronic revenue stamps shall pay the monthly sales proceeds pursuant to Article 11 in accordance with the following classifications by the 10th of the following month: <Amended by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28173, Jun. 30, 2017> |
| 1. | The head of a providing institution: The payment shall be made to the Bank of Korea; |
| 2. | The head of an institution for providing electronic revenue stamps: The payment of the amount calculated by deducting the commissions pursuant to subparagraph 2 (a) of Article 10 from the monthly sales proceeds shall be made to the Ministry of Strategy and Finance as the tax revenue under its control to be treated as its general account. |
| (3) | The Governor of the Bank of Korea shall pay the total amount received under paragraphs (1) 1 and (2) 1 to the Ministry of Strategy and Finance as the tax revenue under its jurisdiction, to be treated as its general account. <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| (4) | Notwithstanding paragraphs (1) and (2), where electronic revenue stamps are sold using the means of settlement provided by a credit card company under the Specialized Credit Finance Business Act, the amount calculated by deducting the commissions pursuant to subparagraphs 2 (a) and 3 of Article 10 from the monthly sales proceeds of electronic revenue stamps of the relevant credit card company shall be paid to the Ministry of Strategy and Finance as the tax revenue under its jurisdiction, to be treated as its general account by the 10th of the following month through a financial company, etc. In such cases, the Minister of Strategy and Finance shall pay settlement fees to the credit card company that has provided the means of settlement by determining its amount in consultation with the relevant credit card company within 1/100 of the sales of electronic revenue stamps sold using such means of settlement. <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 28173, Jun. 30, 2017> |
| (5) | For the efficient payment of proceeds from the sale of electronic revenue stamps under paragraphs (1) 2, (2) 2, and (4), an electronic revenue stamp agency may provide the data on the sale of electronic revenue stamps to a sales institution that sells electronic revenue stamps and a credit card company which provides the means of settlement under paragraph (4). <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013> |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| (1) | The Governor of the Bank of Korea shall submit each of the following documents concerning revenue stamps (excluding electronic revenue stamps) to the Minister of Strategy and Finance by the dates classified as follows: |
| 1. | Detailed statement on the receipt, provision and sale of revenue stamps: To be prepared as at the last day of each month and submitted by the 15th of the following month; |
| 2. | Detailed statement on the payment of the proceeds from the sale of revenue stamps: To be prepared as at the last day of each month and submitted by the 15th of the following month; |
| 3. | Current status of the conclusion and cancellation of contracts for the sale of revenue stamps: To be prepared as at the last day of each year and submitted by the 15th of January of the following year; |
| 4. | List of persons in charge of receiving, delivering, and keeping revenue stamps: To be prepared as at the last day of each year and submitted by the 15th of January of the following year. |
| (2) | The head of an electronic revenue stamp agency shall submit each of the following documents concerning electronic revenue stamps to the Minister of Strategy and Finance by the dates classified as follows: |
| 1. | Current status of the sale, use, and repurchase of electronic revenue stamps: Every day; |
| 2. | Detailed statement on the payment of the proceeds from the sale of electronic revenue stamps: It shall be prepared as of the last day of each month and submitted by the 15th of the following month; |
| 3. | Current status of the conclusion and cancellation of contracts for the sale of electronic revenue stamps: It shall be prepared as of the last day of each year and submitted by the 15th of January of the following year. |
[This Article Wholly Amended by Presidential Decree No. 25002, Dec. 17, 2013]
| Article 15 (Keeping of Books) |
| (1) | The Minister of Strategy and Finance shall keep the issuance ledger of revenue stamps and the account books on the collection of sales proceeds, and enter necessary matters therein. |
| (2) | The Governor of the Bank of Korea shall keep the records regarding the receipt and provision of revenue stamps (excluding electronic revenue stamps) and a ledger for the management of sales proceeds, and enter necessary matters therein. <Presidential Decree No. 25002, Dec. 17, 2013> |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 16 (Appointment of Persons in Charge of Receiving, Delivering, and Keeping Revenue Stamps) |
The appointment of a person to be in charge of receiving, delivering, and keeping revenue stamps under Article 8 of the Act may be substituted with the designation of a position already established in the relevant institution. [This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
| Article 17 (Electronic Cancellation) |
| (1) | A person who has purchased and used an electronic revenue stamp for paper documents shall electronically cancel it as used by entering and verifying the fact that he/she has used such electronic revenue stamp for paper documents in the information and communications network provided by an electronic revenue stamp agency: Provided, That when such person has submitted an electronic revenue stamp for paper documents to an administrative agency, a public official of the administrative agency in receipt of the relevant electronic revenue stamp for paper documents shall perform the electronic cancellation. <Amended by Presidential Decree No. 28173, Jun. 30, 2017> |
| (2) | In the case of an electronic revenue stamps for electronic documents, electronic cancellation shall be substituted by an electronic revenue stamp agency’s issuing an electronic document with an electronic revenue stamp for electronic documents affixed thereon. <Newly Inserted by Presidential Decree No. 28173, Jun. 30, 2017> |
[This Article Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013]
[Previous Article 17 moved to Article 19]
| Article 18 (Management of Personally Identifiable Information) |
| 3. | Repurchase of electronic revenue stamps under Article 9. |
[This Article Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013]
| Article 19 (Entrustment of Duties) |
| (1) | The Minister of Strategy and Finance shall entrust the following duties (excluding the duties related to electronic revenue stamps) to the Bank of Korea pursuant to Article 9 (1) of the Act: <Amended by Presidential Decree No. 25002, Dec. 17, 2013> |
| 1. | Conclusion and cancellation of contracts for the sale of revenue stamps; |
| 2. | Receipt, provision, and management of revenue stamps in relation to sales institutions and revenue stamp booths. |
| (2) | In accordance with Article 9 (2) of the Act, the Minister of Strategy and Finance shall entrust the following duties to an institution designated and publicly notified under paragraph (3): <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013> |
| 1. | Sale and management of electronic revenue stamps; |
| 2. | Management of the payment of the proceeds from the sale of electronic revenue stamps; |
| 3. | Conclusion and cancellation of contracts with vendors of electronic revenue stamps. |
| (3) | The Minister of Strategy and Finance shall designate and publicly notify any of the following institutions as an electronic revenue stamp agency, taking into account its facilities, capacity for business conduct, capital stock, capacity for providing services to the users of electronic revenue stamps, etc.: <Newly Inserted by Presidential Decree No. 25002, Dec. 17, 2013; Presidential Decree No. 27218, Jun. 9, 2016> |
| 2. | Institution that has expertise in the affairs of settling credit cards, debit cards, account transfers, etc. and experiences in conducting duties related to the National Treasury; |
| 3. | Institution that has expertise in the affairs related to the distribution, management, and archiving of electronic documents. |
[This Article Wholly Amended by Presidential Decree No. 23053, Aug. 3, 2011]
ADDENDA
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Revenue Stamps for Sale)
| (1) | The revenue stamps that communications agencies are holding for sale as of April 30, 1980, shall be deemed provided under this Decree. |
| (2) | The Minister of Communication shall send the detailed statement on revenue stamps under paragraph (1) to the Minister of Finance through the Governor of the Bank of Korea by May 31, 1980. |
Article 3 (Transitional Measures concerning Vendors)
| (1) | A vendor who has acquired a permit under the Regulation on the Management and Sale of Postage Stamps and Stamps may sell revenue stamps in accordance with the former provisions until May 31, 1980. |
| (2) | A vendor falling under paragraph (1) who intends to continue to sell revenue stamps after this Decree enters into force shall submit a report that describes the location of revenue stamp booths and other matters necessary for the management of the receipt and provision of revenue stamps to the post office which has issued the relevant permit by May 31, 1980, and then, the post office shall send such report to the Governor of the Bank of Korea. |
| (3) | A person who submits a report under paragraph (2) shall be deemed a vendor designated by the Minister of Finance under this Decree. |
ADDENDUM <Presidential Decree No. 10870, Jul. 21, 1982>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures concerning Designation of Vendors) A person designated as a vendor by the Minister of Finance before this Decree enters into force shall be deemed a vendor designated under this Decree. |
ADDENDUM <Presidential Decree No. 11426, May 16, 1984>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 13899, Jun. 8, 1993>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures) The one-won revenue stamps which are to be revoked pursuant to the amended provisions of Article 4 of this Decree may continue to be used after this Decree enters into force, but this shall apply only to those already issued. |
ADDENDA <Presidential Decree No. 14438, Dec. 23, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 15750, Apr. 1, 1998>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 1, 1998.
Articles 2 through 4 Omitted.
ADDENDUM <Presidential Decree No. 16288, May 10, 1999>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 17004, Nov. 28, 2000>
This Decree shall enter into force on January 1, 2001.
ADDENDA <Presidential Decree No. 18470, Jul. 13, 2004>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures concerning Revenue Stamps) Notwithstanding the amended provisions of Article 4 and attached Drawings, the revenue stamps issued pursuant to the former provisions before this Decree enters into force, may continue to be used after this Decree enters into force. |
ADDENDA <Presidential Decree No. 20720, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That the amendments to any Presidential Decree, which is promulgated before this Decree enters into force and is to be amended pursuant to Article 8 of the Addenda, but the enforcement date of which has yet to arrive, shall enter into force on the date such Presidential Decree enters into force.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 22493, Nov. 15, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 18, 2010.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 23053, Aug. 3, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Cites by Other Acts)
“Cooperatives, the federation thereof, and NongHyup Bank” under the amended provisions of subparagraph 4 of Article 6 shall be construed as “cooperatives, and the federation thereof” until March 1, 2012.
ADDENDA <Presidential Decree No. 24441, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDUM <Presidential Decree No. 25002, Dec. 17, 2013>
This Decree shall enter into force on December 19, 2013.
ADDENDUM <Presidential Decree No. 26145, Mar. 17, 2015>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 27218, Jun. 9, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures concerning Designation and Public Notice of Electronic Revenue Stamp Agencies)
Each electronic revenue stamp agency designated and publicly notified under the former provisions of Article 19 (3) before this Decree enters into force shall be deemed an electronic revenue stamp agency designated and publicly notified under the amended provisions of Article 19 (3).
ADDENDA <Presidential Decree No. 27299, Jun. 30, 2016>
ADDENDA <Presidential Decree No. 27556, Oct. 25, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on December 1, 2016.
Article 2 Omitted.
ADDENDUM <Presidential Decree No. 27954, Mar. 27, 2017>
This Decree shall enter into force on March 28, 2017.
ADDENDA <Presidential Decree No. 28173, Jun. 30, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2017.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 28211, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That Presidential Decrees amended by Article 8 of the Addenda, which were promulgated before this Decree enters into force but the enforcement dates of which have not arrived yet, shall enter into force on the enforcement date of the respective Decrees.
Articles 2 through 8 Omitted.