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ENFORCEMENT DECREE OF THE SECURITIES TRANSACTION TAX ACT

Presidential Decree No. 9236, Dec. 30, 1978

Amended by Presidential Decree No. 9356, Mar. 3, 1979

Presidential Decree No. 10445, Aug. 10, 1981

Presidential Decree No. 11221, Sep. 6, 1983

Presidential Decree No. 11508, Sep. 17, 1984

Presidential Decree No. 13016, jun. 4, 1990

Presidential Decree No. 14086, Dec. 31, 1993

Presidential Decree No. 14170, Feb. 18, 1994

Presidential Decree No. 14438, Dec. 23, 1994

Presidential Decree No. 14734, Jul. 14, 1995

Presidential Decree No. 14860, Dec. 30, 1995

Presidential Decree No. 14963, Mar. 30, 1996

Presidential Decree No. 15139, Aug. 22, 1996

Presidential Decree No. 15193, Dec. 31, 1996

Presidential Decree No. 15970, Dec. 31, 1998

Presidential Decree No. 15976, Dec. 31, 1998

Presidential Decree No. 17040, Dec. 29, 2000

Presidential Decree No. 18710, Feb. 19, 2005

Presidential Decree No. 19893, Feb. 28, 2007

Presidential Decree No. 20629, Feb. 22, 2008

Presidential Decree No. 20720, Feb. 29, 2008

Presidential Decree No. 21286, Feb. 3, 2009

Presidential Decree No. 24364, Feb. 15, 2013

Presidential Decree No. 24641, jun. 28, 2013

Presidential Decree No. 24697, Aug. 27, 2013

Presidential Decree No. 27843, Feb. 7, 2017

Presidential Decree No. 29540, Feb. 12, 2019

Presidential Decree No. 29788, May 28, 2019

Presidential Decree No. 30406, Feb. 11, 2020

Presidential Decree No. 31290, Dec. 29, 2020

Presidential Decree No. 31448, Feb. 17, 2021

Presidential Decree No. 32430, Feb. 15, 2022

Presidential Decree No. 33209, Dec. 31, 2022

 Article 1 (Foreign Securities Markets)
“Markets prescribed by Presidential Decree” in subparagraph 1 of Article 2 of the Securities Transaction Tax Act (hereinafter referred to as the “Act”) means any of the following: <Amended on Feb. 19, 2005; Feb. 29, 2008; Feb. 3, 2009; Feb. 11, 2020>
1. The New York Stock Exchange;
2. The NASDAQ Stock Market;
3. Other markets similar to those referred to in subparagraphs 1 and 2, as prescribed by Ordinance of the Ministry of Economy and Finance.
[This Article Wholly Amended on Dec. 29, 2000]
 Article 1-2 (Taxpayers)
(1) “Method prescribed by Presidential Decree” in subparagraph 1 (b) of Article 3 of the Act means trading of share certificates according to the guidelines under Article 78 or 178 (1) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act. <Amended on Dec. 29, 2000; Feb. 19, 2005; Feb. 22, 2008; Feb. 3, 2009; Aug. 27, 2013>
(2) “Financial investment business entity” in subparagraph 2 of Article 3 of the Act means an investment trader or investment broker under the Financial Investment Services and Capital Markets Act. <Amended on Feb. 3, 2009>
(3) “Where share certificates, etc. are transferred through a financial investment business entity” in subparagraph 2 of Article 3 of the Act means where a financial investment business entity trades share certificates or portions (hereinafter referred to as “share certificates, etc.”) or trades them on consignment or as a broker or agent. <Amended on Feb. 3, 2009>
[Moved from Article 1 <Dec. 31, 1993>]
 Article 1-3 (Lump-Sum Payment at Head Office)
(1) “Cases prescribed by Presidential Decree” in the proviso to Article 4 (1) 1 of the Act means where a taxpayer prescribed in subparagraph 2 of Article 3 of the Act reports, under paragraph (2), the seat of his or her head office or principal office to the head of the competent tax office as the place for payment of securities transaction tax for branches, offices of business or other business places (hereinafter referred to as “branches, etc.”) of the taxpayer, and such report is accepted.
(2) Any person who intends to pay securities transaction tax for the branches, etc. of the taxpayer at the seat of his or her head office or principal office (hereinafter referred to as “lump-sum payment at the head office”) under the proviso to Article 4 (1) 1 of the Act shall submit (including submission through the national tax information and communications network) a report on lump-sum payment at the head office, specifying the following subparagraphs, to the head of the tax office having jurisdiction over his or her head office or principal office, by not later than the 20th day of the month preceding the month in which he or she intends to make the lump-sum payment at the head office:
1. The taxpayer’s personal details;
2. Current status of the branches, etc.;
3. The seat of the head office or principal office;
4. Written authorization for a financial investment business prescribed in Article 13 of the Financial Investment Services and Capital Markets Act;
5. A certificate of local tax payment.
(3) Any taxpayer eligible for lump-sum payment at the head office shall submit (including submission through the national tax information and communications network) a report on change to lump-sum payment at the head office, specifying the taxpayer’s personal details, reasons for change, etc., to the head of the tax office having jurisdiction over his or her head office or principal office, in any of the following cases:
1. Where his or her head office or principal office is changed;
2. Where his or her branch, etc. is newly established or closed.
(4) The head of the tax office having jurisdiction over the head office or principal office shall accept filing of a report on lump-sum payment at the head office, unless the person who files the report on lump-sum payment at the head office under paragraph (2) falls under any of the following cases:
1. Where the person who files the report on lump-sum payment at the head office has been punished under the Punishment of Tax Offenses Act within two years before the date of filing the report;
2. Where the person who files the report on lump-sum payment at the head office is in arrears on any national or local tax as of the date the report is filed;
3. Where it is inappropriate to accept the lump-sum payment at the head office due to changes in circumstances.
(5) Where the head of the tax office having jurisdiction over the head office or principal office accepts or refuses filing of a report on lump-sum payment at the head office pursuant to paragraph (4), he or she shall notify the person who has filed the report of such fact by the end of the month in which the report on lump-sum payment at the head office is filed.
(6) Where a taxpayer eligible for lump-sum payment at the head office seeks to pay his or her tax at his or her branches, etc. instead of making the lump-sum payment at the head office, he or she shall submit (including submission through the national tax information and communications network) a report on waiver of the lump-sum payment at the head office, specifying the following particulars, to the head of the tax office having jurisdiction over his or her head office or principal office, by not later than the 20th day of the month preceding the month in which he or she intends to make such payment:
1. The taxpayer’s personal details;
2. Reasons for waiving the lump-sum payment at the head office.
[This Article Wholly Amended on Feb. 15, 2013]
 Article 1-4 (Criteria for Determining Place for Tax Payment)
(1) A domicile or residence prescribed in Article 4 (1) 2 (a) of the Act shall be determined pursuant to Article 2 of the Enforcement Decree of the Income Tax Act. <Amended on Feb. 19, 2005>
(2) The determination of a place for tax payment under Article 4 (2) of the Act shall be governed by Article 5 of the Enforcement Decree of the Income Tax Act or Article 8 of the Enforcement Decree of the Corporate Tax Act. <Amended on Dec. 30, 1995; Dec. 31, 1998; Feb. 19, 2005>
[This Article Newly Inserted on Dec. 31, 1993]
[Moved from Article 1-3 <Dec. 29, 2000>]
 Article 2 (Time of Transfer)
The time for settlement of transactions of share certificates, etc. under Article 5 (2) of the Act shall be as provided for in each of the following: <Amended on Dec. 29, 2000; Feb. 19, 2005; Feb. 22, 2008; Feb. 3, 2009; Aug. 27, 2013>
1. For share certificates traded on the securities market (including trade in a multilateral-trade contracting company) under the Financial Investment Services and Capital Markets Act, the time the relevant transferred value is settled;
2. For share certificates, etc., other than the share certificates referred to in subparagraph 1, that a financial investment business entity trades or trades on consignment or it trades as a broker or agent, the time the payment of stock trading prices is made in full;
3. In cases other than those falling under subparagraphs 1 and 2, the time the share certificates, etc. are delivered or the stock trading prices is paid in full: Provided, That when the relevant right is transferred before the share certificates, etc. are delivered or such prices is paid in full, the time the right is transferred.
 Article 3 (Non-Taxable Transfer)
Pursuant to subparagraph 3 of Article 6 of the Act, securities transaction tax shall not be imposed on loans for consumption whose object is share certificates.
[This Article Wholly Amended on Feb. 11, 2020]
 Article 4 (Methods for Assessing Transferred Values)
(1) The market value referred to in Article 7 (1) 2 (a) (i) of the Act or the normal value prescribed in subitem (ii) of that item shall be as follows: <Amended on Feb. 22, 2008; Feb. 11, 2020; Feb. 17, 2021>
1. Market value: The value of share certificates, etc. based on the market price under Article 167 of the Enforcement Decree of the Income Tax Act, Article 89 of the Enforcement Decree of the Corporate Tax Act or Article 26 of the Enforcement Decree of the Inheritance Tax and Gift Tax Act;
2. Normal value: The value of share certificates, etc. based on the normal price under Article 183-2 of the Enforcement Decree of the Income Tax Act, Article 131 of the Enforcement Decree of the Corporate Tax Act, or Article 8 of the Adjustment of International Taxes Act and Articles 5 through 16 of the Enforcement Decree of that Act.
(2) “Means of the assessment of transferred values prescribed by Presidential Decree” in Article 7 (1) 2 (b) of the Act means the method of calculating transferred values by multiplying the quantity of transferred share certificates, etc. by each of the following relevant values: <Amended on Feb. 19, 2005; Feb. 22, 2008; Feb. 3, 2009; Aug. 27, 2013; Feb. 15, 2022>
1. Where share certificates, etc. of a listed corporation are transferred outside the securities market and a multilateral-trade contracting company under the Financial Investment Services and Capital Markets Act: The base value of trade published by the Exchange under the Financial Investment Services and Capital Markets Act as at the transfer date;
2. Deleted; <Feb. 3, 2009>
3. Where the Korea Financial Investment Association prescribed in Article 283 of the Financial Investment Services and Capital Markets Act (hereinafter referred to as the “Financial Investment Association”) transfers share certificates, etc. designated as trading items in compliance with the guidelines referred to in Article 178 (1) of the Enforcement Decree of that Act in a manner other than those provided for in that paragraph: The base value of trade published by the Financial Investment Association as at the transfer date;
4. Where share certificates, etc. are transferred in a manner other than those prescribed in subparagraphs 1 and 3: The value calculated under Article 150-22 of the Enforcement Decree of the Income Tax Act.
[This Article Wholly Amended on Dec. 29, 2000]
 Article 5 (Elastic Tax Rates)
Share certificates to which Article 8 (2) of the Act applies and tax rates therefor shall be as follows: <Amended on Aug. 27, 2013; Feb. 7, 2017; May 28, 2019; Dec. 29, 2020; Dec. 31, 2022>
1. Share certificates transferred in the securities market (referring to the securities market referred to in Article 176-9 (1) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act): Zero: Provided, That from January 1, 2021 to December 31, 2022, it shall be 8/10,000; from January 1, 2023 to December 31, 2023, it shall be 5/10,000; and from January 1, 2024 to December 31, 2024, it shall be 3/10,000;
2. Share certificates transferred in the KONEX (referring to the KONEX prescribed in Article 11 (2) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act): 10/10,000;
3. For any of the following share certificates: 15/10,000: Provided, That from January 1, 2021 to December 31, 2022, it shall be 23/10,000; from January 1, 2023 to December 31, 2023, it shall be 20/10,000; and from January 1, 2024 to December 31, 2024, it shall be 18/10,000:
(a) Share certificates transferred in the KOSDAQ market (referring to the KOSDAQ market prescribed in Article 8 of the Addenda to the Enforcement Decree of the Financial Investment Services and Capital Markets Act (Presidential Decree No. 24697));
(b) Share certificates transferred through the Financial Investment Association in accordance with the guidelines under Article 178 (1) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act.
[This Article Wholly Amended on Jun. 28, 2013]
 Article 6 (Transaction Collection)
Where a taxpayer prescribed in subparagraph 1 of Article 3 of the Act collects securities transaction tax pursuant to Article 9 of the Act, the portion falling under subparagraph 1 of Article 6 of the Act shall be exempt from collection of securities transaction tax only if the statement of non-taxable transfer stating the matters under the subparagraphs of Article 6-2 is submitted by the financial investment business entity. <Amended on Feb. 15, 2022>
[This Article Wholly Amended on Feb. 3, 2009]
 Article 6-2 (Notification of Particulars of Share Certificate Trading)
"Matters prescribed by Presidential Decree, such as the stock name, quantity, price per share, trading amount, trading date, transferor's account number, and information to categorize the investors of share certificates for each transfer" in Article 9 (2) of the Act means the following:
1. The stock name, quantity, price per share, trading amount, trading date, and transferor's account number of share certificates for each transfer;
2. Matters regarding information to categorize the investors, which are prescribed by the Securities Market Business Regulations under Article 393 of the Financial Investment Services and Capital Markets Act of the designated Exchange under subparagraph 3 of Article 2 of the Act.
[This Article Wholly Amended on Feb. 15, 2022]
 Article 6-3 (Submission of Details of Transfer between Securities Accounts)
Where a taxpayer falling under subparagraph 3 of Article 3 of the Act transfers share certificates, etc. via the securities account under the control of a financial investment business entity pursuant to Article 9-2 of the Act, the financial investment business entity shall submit to the head of the competent tax office a statement of trading of share certificates, etc., specifying the following particulars: <Amended on Feb. 12, 2019>
1. The submitter’s personal details;
2. The trader’s personal details;
3. The date of trade;
4. The stock names of share certificates, etc. traded;
5. Quantity traded;
6. Amount of return or payment of securities transaction tax.
[This Article Newly Inserted on Feb. 15, 2013]
 Article 7 (Tax Return, Payment and Refund)
(1) When returning the tax base for securities transaction tax under Article 10 (1) of the Act, a return on the tax base for securities transaction tax shall be submitted to the head of the competent tax office, specifying the following particulars: <Amended on Dec. 31, 1993; Aug. 22, 1996>
1. The taxpayer’s personal details;
2. The tax base by tax rate, tax rate, and amount of tax;
3. The trader’s personal details (limited to a taxpayer prescribed in subparagraph 3 of Article 3 of the Act);
4. A copy of a contract for sale of share certificates, etc. (limited to a taxpayer prescribed in subparagraph 3 of Article 3 of the Act);
5. A statement of non-taxable transfer (limited to a taxpayer prescribed in subparagraph 1 of Article 3 of the Act);
6. Other reference information.
(2) The payment of securities transaction tax under Article 10 (2) of the Act shall be made to the head of the competent tax office with a return on the tax base for securities transaction tax or to the Bank of Korea (including its agencies) or the postal offices with a payment statement under the National Tax Collection Act, accompanied by a return on the tax base for securities transaction tax. <Amended on Aug. 22, 1996; Feb. 19, 2005>
(3) Where a taxpayer closes his or her place of business, he or she shall file a return on and pay the tax base and the amount of tax for the month whereto the date of closure belongs pursuant to paragraphs (1) and (2), within 25 days from the date of closure. <Amended on Feb. 3, 2009>
(4) The taxpayer prescribed in subparagraph 1 of Article 3 of the Act may issue a refund under Article 10 (3) of the Act only within six months from the day following the date the deadline for returning and paying the securities transaction tax expires. <Newly Inserted on Dec. 29, 2000>
[Title Amended on Dec. 29, 2000]
 Article 8 (Adjustment)
(1) “Prescribed by Presidential Decree” in the proviso to Article 11 (2) of the Act means any of the following: <Amended on Dec. 29, 2000>
1. If no book or other documentary evidence necessary to calculate the tax base exists or any substantial part thereof is omitted or false;
2. If the contents of a book or other documentary evidence are deemed unreliable in light of the trading volume of share certificates, etc.
(2) If a decision or adjustment is made based on the estimation under the proviso to Article 11 (2) of the Act, the tax base and the amount of tax shall be calculated by multiplying the trading volume of share certificates, etc. ascertained through an investigation by an amount per unit of share certificates, etc. computed under each of the subparagraphs of Article 4. <Amended on Dec. 31, 1993; Dec. 29, 2000>
[Title Amended on Dec. 29, 2000]
 Article 8-2 Deleted. <Feb. 28, 2007>
 Article 9 (Keeping of and Entry into Books)
A book relating to business under Article 15 (1) of the Act shall include the following: <Amended on Feb. 3, 2009; Feb. 15, 2022>
1. Classification into taxable and non-taxable transfers;
2. Matters under the subparagraphs of Article 6-2 and the amount of tax;
3. Deleted; <Feb. 3, 2009>
4. Other reference information.
 Article 10 (Matters to Be Ordered)
Pursuant to Article 16 of the Act, the Commissioner of the National Tax Service, the commissioner of a regional tax office or the head of a tax office may order a taxpayer and a financial investment business entity to observe matters necessary to maintain control over the methods of using the electronic data processing system, classification into taxable and non-taxable transfers, report on the status of trading (including the transfer under Article 9-2 of the Act) share certificates, etc., and other tax perpetuation. <Amended on Aug. 22, 1996; Feb. 15, 2013>
 Article 11 (Question and Inspection)
When a tax official engaged in affairs concerning the securities transaction tax inquires or conducts an inspection under Article 17 of the Act, he or she shall carry his or her certificate of authority and present it to related persons.
 Article 12 (Forms)
Forms necessary for reporting, filing returns, etc. under this Decree shall be prescribed by Ordinance of the Ministry of Economy and Finance. <Amended on Dec. 23, 1994; Dec. 29, 2000; Feb. 29, 2008>
 Article 13 Deleted. <Dec. 29, 2000>
ADDENDUM <Presidential Decree No. 9236, Dec. 30, 1978>
This Decree shall enter into force on January 1, 1979.
ADDENDUM <Presidential Decree No. 9356, Mar. 3, 1979>
(1) (Enforcement Date) This Decree shall enter into force on March 3, 1979.
(2) (Applicability) This Decree shall begin to apply from the first share certificate transferred on or after March 1, 1979.
(3) (Transitional Measures) With respect to securities transaction tax imposed or to be imposed pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
ADDENDUM <Presidential Decree No. 10445, Aug. 10, 1981>
(1) (Enforcement Date) This Decree shall enter into force on the date set by Ordinance of the Ministry of Finance.
(2) (Applicability) This Decree shall begin to apply from the first share certificate transferred on or after the date this Decree enters into force.
(3) (General Transitional Measures) With respect to securities transaction tax imposed or to be imposed pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
ADDENDUM <Presidential Decree No. 11221, Sep. 6, 1983>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first share certificate transferred on or after the date this Decree enters into force.
ADDENDUM <Presidential Decree No. 11508, Sep. 17, 1984>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first share certificate transferred on or after the date this Decree enters into force.
ADDENDUM <Presidential Decree No. 13016, Jun. 4, 1990>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first share certificate transferred on or after the date this Decree enters into force.
ADDENDUM <Presidential Decree No. 14086, Dec. 31, 1993>
(1) (Enforcement Date) This Decree shall enter into force on January 1, 1994.
(2) (Applicability concerning Korea Securities Depository) The amended provisions of Article 1-2 (1) shall begin to apply from the date the Korea Securities Depository is established under the Securities and Exchange Act, and the previous provisions shall apply until the Korea Securities Depository is established.
ADDENDUM <Presidential Decree No. 14170, Feb. 18, 1994>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first sales contract concluded at the Korea Stock Exchange on or after the date this Decree enters into force.
ADDENDA <Presidential Decree No. 14438, Dec. 23, 1994>
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. 14734, Jul. 14, 1995>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first sales contract concluded at the Korea Stock Exchange on or after the date this Decree enters into force.
ADDENDA <Presidential Decree No. 14860, Dec. 30, 1995>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 1996: Provided, That the amended provisions of Article 162 (6) 1 and (7) 1 shall enter into force on January 1, 1997.
Articles 2 through 17 Omitted.
ADDENDUM <Presidential Decree No. 14963, Mar. 30, 1996>
(1) (Enforcement Date) This Decree shall enter into force on April 1, 1996.
(2) (Applicability) This Decree shall begin to apply from the first sales contract concluded at the Korea Stock Exchange on or after the date this Decree enters into force.
ADDENDUM <Presidential Decree No. 15139, Aug. 22, 1996>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability) This Decree shall begin to apply from the first share certificates, etc. transferred on or after the date this Decree enters into force.
ADDENDA <Presidential Decree No. 15193, Dec. 31, 1996>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 1997.
Articles 2 through 9 Omitted.
ADDENDA <Presidential Decree No. 15970, Dec. 31, 1998>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 1999: Provided, That the amended provisions of Articles 5, 9, 12 through 15, 72, 82 through 85, 88, 96, 97, 116, 120, 123 and 124 (limited to a provision relating to division), the amended provisions of Articles 36 (2), 56 (1) and 62 (1) 5 and 14, and the provisions of Article 13 (1) of these Addenda shall enter into force on the date of its promulgation, and the amended provisions of Articles 54 and 120 (2) through (4) shall enter into force on January 1, 2000.
Articles 2 through 19 Omitted.
ADDENDA <Presidential Decree No. 15976, Dec. 31, 1998>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 1999: Provided, That the amended provisions of Articles 25 (1) 8 and (2) 11, 35, 36, 42 through 44 and 46 shall enter into force on the date of its promulgation.
Articles 2 through 10 Omitted.
ADDENDUM <Presidential Decree No. 17040, Dec. 29, 2000>
(1) (Enforcement Date) This Decree shall enter into force on January 1, 2001: Provided, That the amended provisions of Article 5 (1) 1 and 2 shall enter into force on July 1, 2001.
(2) (Applicability) This Decree shall begin to apply from the first share certificates, etc. transferred on or after the date this Decree enters into force: Provided, That the amended provisions of Article 3 (1) 9 shall begin to apply from the first share certificates, etc. for which the deadline for filing a return on securities transaction tax arrives after this Decree enters into force.
(3) (Transitional Measures concerning Non-Taxable Transfer) Notwithstanding the amended provisions of Article 3 (1) 7, the previous provisions shall apply where share certificates of enterprises subject to industrial rationalization designated before this Decree enters into force are transferred in accordance with the industrial rationalization guidelines.
ADDENDUM <Presidential Decree No. 18710, Feb. 19, 2005>
(1) (Enforcement Date) This Decree shall enter into force on the date of its promulgation.
(2) (Applicability concerning Additional Taxes) The amended provisions of Article 8-2 shall begin to apply from share certificates, etc. transferred on or after January 1, 2005.
(3) (Transitional Measures) With respect to the additional tax imposed or to be imposed pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
ADDENDA <Presidential Decree No. 19893, Feb. 28, 2007>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 10 Omitted.
ADDENDA <Presidential Decree No. 20629, Feb. 22, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That the amended provisions of Article 4 (1) shall enter into force on April 1, 2008.
Article 2 (Applicability concerning Methods for Assessing Transferred Value)
The amended provisions of Article 4 (1) shall begin to apply from the first share certificates, etc. transferred on or after the date 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 among the Presidential Decrees amended under Article 8 of the Addenda, amendments to a Presidential Decree, which was promulgated before this Decree enters into force but the date on which it enters into force has yet to arrive, shall enter into force on the enforcement date of the relevant Presidential Decree.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 21286, Feb. 3, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on February 4, 2009: Provided, That the amended provisions of Article 7 (3) shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Decree shall begin to apply from the first share certificates, etc. transferred on or after the date this Decree enters into force.
Article 3 (Applicability concerning Deadline for Filing Returns on and Paying Securities Transaction Tax where Places of Business are Closed)
The amended provisions of Article 7 (3) shall begin to apply from the first place of business closed on or after the date the amended provisions of Article 7 (3) enter into force pursuant to the proviso to Article 1 of these Addenda.
Article 4 (General Transitional Measures)
With respect to securities transaction tax imposed or to be imposed pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
ADDENDA <Presidential Decree No. 24364, Feb. 15, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Decree shall begin to apply from share certificates, etc. transferred on or after the date this Decree enters into force.
Article 3 (General Transitional Measures)
With respect to securities transaction tax imposed or to be imposed pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
Article 4 (Transitional Measures concerning System to Approve Lump-Sum Payment of Securities Transaction Tax at Head Office)
(1) Where lump-sum payment at the head office is approved by the Commissioner of the National Tax Service pursuant to the previous provisions or paragraph (2) as at the time this Decree enters into force, a report on lump-sum payment at the head office shall be deemed filed with and accepted by the head of the competent tax office pursuant to the amended provisions of Article 1-3.
(2) Where an application for approval for lump-sum payment at the head office is filed with the Commissioner of the National Tax Service pursuant to the previous provisions as at the time this Decree enters into force, the previous provisions shall apply.
ADDENDA <Presidential Decree No. 24641, Jun. 28, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Applicability concerning Elastic Tax Rates)
The amended provisions of subparagraph 2 of Article 5 shall begin to apply from share certificates transferred on or after the date this Decree enters into force.
ADDENDA <Presidential Decree No. 24697, Aug. 27, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 29, 2013. (Proviso Omitted.)
Articles 2 through 13 Omitted.
ADDENDA <Presidential Decree No. 27843, Feb. 7, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on April 1, 2017.
Article 2 (Applicability to Elastic Tax Rates)
The amended provisions of subparagraph 2 (c) of Article 5 shall begin to apply from share certificates transferred after this Decree enters into force.
ADDENDA <Presidential Decree No. 29540, Feb. 12, 2019>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Applicability to Submission of Details of Transfer between Securities Accounts)
The amended provisions of subparagraph 6 of Article 6-3 shall begin to apply from share certificates, etc. transferred following the quarter in which the enforcement date of this Decree falls.
ADDENDA <Presidential Decree No. 29788, May 28, 2019>
Article 1 (Enforcement Date)
This Decree shall enter into force on June 3, 2019.
Article 2 (Applicability to Elastic Tax Rates)
The amended provisions of Article 5 shall begin to apply from share certificates transferred after this Decree enters into force.
ADDENDUM <Presidential Decree No. 30406, Feb. 11, 2020>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 31290, Dec. 29, 2020>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2021.
Article 2 (Applicability to Elastic Tax Rates)
The amended provisions of Article 5 shall begin to apply to share certificates transferred after this Decree enters into force.
ADDENDA <Presidential Decree No. 31448, Feb. 17, 2021>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 36 Omitted.
ADDENDUM <Presidential Decree No. 32430, Feb. 15, 2022>
This Decree shall enter into force on July 1, 2022: Provided, That the amended provisions of Article 4 (2) 4 shall enter into force on January 1, 2023.
ADDENDUM <Presidential Decree No. 33209, Dec. 31, 2022>
This Decree shall enter into force on January 1, 2023.