No income tax shall be levied on dividend income distributed by not later than December 31, 2025, out of the dividend income distributed for investments prescribed by Presidential Decree and not exceeding 20 million won per person, in a financial institution whose partners, members, etc. are comprised of farmers, fishermen, or other residents with a mutual tie, and dividend income distributed by such financial institution to its partners, members, etc. based on the records of use of its business (hereafter referred to as "dividend income, etc." in this Article), and either of the following rates shall apply to dividend income, etc. distributed thereafter as the withholding tax rate, notwithstanding Article 129 of the Income Tax Act; but such dividend income, etc. shall not be added to the tax base of global income under Article 14 (2) of that Act: <Amended on Jan. 1, 2013; Dec. 15, 2015; Dec. 24, 2018; Dec. 29, 2020; Dec. 31, 2022; Dec. 31, 2023> | 1. | Dividend income, etc. distributed from January 1, 2026 to December 31, 2026: 5/100; |
| 2. | Dividend income, etc. distributed on or after January 1, 2027: 9/100. |
[This Article Wholly Amended on Jan. 1, 2010]