| (1) | Any resident (including a resident with no tax base for global income or any loss) with the amount of global income in the relevant taxable period shall file a return on the tax base of such global income with the head of a tax office having jurisdiction over the place for tax payment, from May 1 to May 31 in the year following such taxable period, as prescribed by Presidential Decree. <Amended by Act No. 10408, Dec. 27, 2010> |
| (2) | Paragraph (1) shall also apply where a resident has house rental income subject to separate taxation, or income as specified in Article 21 (1) 27 or 127 (1) 6 (b) for the relevant taxable period. <Newly Inserted by Act No. 12852, Dec. 23, 2014; Dec. 31, 2019; Dec. 29, 2020> |
| (3) | A return under paragraph (1) shall be referred to as "final return on the tax base of global income." |
| (4) | In filing a final return on the tax base of global income, a person shall file such return with the head of a tax office having jurisdiction over the place for tax payment, along with the following documents. In such cases, where any person liable for double-entry bookkeeping under Article 160 (3) fails to submit the documents specified in subparagraph 3, he/she shall be deemed not to have filed a final return on the tax base of global income: <Amended by Act No. 10408, Dec. 27, 2010; Act No. 11146, Jan. 1, 2012; Act No. 12169, Jan. 1, 2014> |
| 1. | Documents prescribed by Presidential Decree, which evidence that he/she is entitled to personal deduction, pension insurance premium deduction, interest expense deduction for reverse mortgage-backed retirement pension system, special income deduction, tax credit for children, tax credit for pension accounts, or special tax credits; |
| 2. | Documents prescribed by Presidential Decree, as necessary for calculating the total amount of income and the necessary expenses which form the basis of the calculation of the amount of global income; |
| 3. | Where the amount of business income is calculated on the basis of the books of account and evidentiary documents kept and entered under Articles 160 and 161, the statement of financial position, the statement of profit or loss and the attached documents thereto, the compound trial balance prepared by applying mutatis mutandis the corporate accounting standards, and the adjusted account statement prepared, as prescribed by Presidential Decree: Provided, That in cases of a business entity who bookkeeps pursuant to Article 160 (2), the account statement of the amount of income by simple bookkeeping prescribed by Ordinance of the Ministry of Strategy and Finance; |
| 4. | Where necessary expenses are included pursuant to Articles 28 through 32, a detailed statement thereof; |
| 5. | Where a business entity (excluding any small-scale business entity prescribed by Presidential Decree) has been supplied goods or services by another business entity (including a corporation) in connection with the business and receives verification other than evidentiary documents falling under any subparagraph of Article 160-2 (2), a detailed statement of the reception of receipts prescribed by Presidential Decree (hereinafter referred to as "detailed statement of the reception of receipts"); |
| 6. | Where the amount of business income is not calculated on the basis of the books of account and evidentiary documents kept and recorded pursuant to Articles 160 and 161, the account statement of estimated income prescribed by Ordinance of the Ministry of Strategy and Finance. |
| (5) | When deficient matters or errors exist in a return or other documents filed pursuant to paragraph (4), the head of a tax office having jurisdiction over the place for tax payment may request the supplement and correction thereof. |
| (6) | In cases of the business entities specified by Presidential Decree as those deemed necessary in order to ensure accurate tax adjustments for the calculation of income amounts, among persons subject to double-entry bookkeeping under Article 160 (3), the adjusted account statement referred to in paragraph (4) 3 shall be prepared by a person who belongs to the adjustment team specified by Presidential Decree, from among the following persons: <Newly Inserted by Act No. 13558, Dec. 15, 2015; Nov. 23, 2021> |
| 2. | A certified public accountant registered in the register of certified tax accountants or the register of tax agent services for certified public accountants under the Certified Tax Accountant Act; |
| 3. | An attorney-at-law registered in the register of certified tax accountants or the register of tax agent services for attorney-at-laws under the Certified Tax Accountant Act. |
[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]
[Inconsistency with the Constitution, 2016 Hun-Ma 116, Apr. 26, 2018: Article 70 (6) 3 of the Income Tax Act (Amended by Act No. 13558) shall be not consistent with the Constitution. The above-mentioned provisions of such Act shall continue to apply until such provisions are amended by the deadline of Dec. 31, 2019]
[This Article, declared unconstitutional by the Constitutional Court, was amended by Act No. 18521 on Nov. 23, 2021]