Statutes of the Republic of Korea

No. 14760
Promulgation Date 2017-04-18
Ministry of Economy and Finance

ALL

CHAPTER I GENERAL PROVISIONS

Article 1 (Purpose)

Article 2 (Definitions)

Article 3 (Restrictions on Special Taxation)

CHAPTER II DIRECT NATIONAL TAXES

Section 1 Special Taxation for Small or Medium Enterprises

Article 4 Deleted.

Article 5 (Tax Credits for Investments by Small or Medium Enterprises, etc.)

Article 5-2 (Special Taxation for Supporting Project of Informatization for Small or Medium Enterprises)

Article 5-3 Deleted.

Article 6 (Tax Reductions or Exemptions for Small or Medium Start-Up Enterprises, etc.)

Article 7 (Special Tax Reductions or Exemptions for Small or Medium Enterprises)

Article 7-2 (Tax Credit to Improve Corporate Payment System including Negotiable Instruments)

Article 7-3 Deleted.

Article 7-4 (Tax Credits on Payments Settled through Win-Win Payment System)

Article 8 (Special Cases, etc. of Inclusion in Deductible Expenses for Small or Medium Enterprise Support Facilities)

Article 8-2 (Exclusion from Gross Income of Income Dividend Received from Small or Medium Enterprises in Collaborative Cooperation)

Article 8-3 (Tax Credits for Contributions to Funds for Collaborative Cooperation)

Section 2 Special Taxation for Research and Human Resources Development

Article 9 (Inclusion of Reserves for Research and Human Resources Development in Deductible Expenses)

Article 10 (Tax Credits for Research and Human Resources Development Expenses)

Article 10-2 (Special Taxation on Contributions, etc. Related to Research and Development)

Article 11 (Tax Credits for Investment in Facilities for Research and Human Resources Development)

Article 12 (Special Taxation for Transfer, Acquisition, etc. of Technology)

Article 12-2 (Reduction or Exemption of Corporate Tax, etc. for High-Tech Enterprises, etc. that Occupy Special Research and Development Zones)

Article 12-3 (Tax Credits for Technological Innovation-Oriented Mergers)

Article 12-4 (Tax Credits for Acquisition of Technological Innovation-Oriented Stocks)

Article 13 (Non-Taxation on Gains, etc. from Transferring Stocks of Small or Medium Business Start-Up Investment Companies, etc.)

Article 13-2 (Special Taxation for Investment by Domestic Corporations in Venture Businesses, etc.)

Article 14 (Special Taxation for Investment in Business Starters, etc.)

Article 15 Deleted.

Article 16 (Income Deductions for Contributions, etc. to Small or Medium Business Start-Up Investment Funds)

Article 16-2 (Special Treatment in Payment of Gains from Exercising Stock Options of Venture Businesses)

Article 16-3 (Special Taxation for Gains from Exercising Stock Options)

Article 16-4 (Special Taxation for Gains from Investment of Industrial Property Rights in Kind)

Article 17 Deleted.

Article 18 (Income Tax Reductions for Foreign Engineers)

Article 18-2 (Special Taxation for Foreign Workers)

Article 19 Deleted.

Section 3 Special Taxation for International Capital Transactions

Article 20 (Special Taxation for Introduction of Public Loans)

Article 21 (Corporate Tax Exemptions, etc. on Interest Income, etc. from International Financial Transactions)

Article 21-2 (Non-Taxation of Interest Income Tax on Foreign Currency Time Deposits of Non-Residents, etc.)

Article 22 (Exemption from Corporate Tax on Dividend Income from Investment in Overseas Resources Development)

Article 23 Deleted.

Section 4 Special Taxation for Investment Promotion

Article 24 (Tax Credits for Investment, etc. in Facilities for Improving Productivity)

Article 25 (Tax Credits for Investment, etc. in Safety Facilities)

Article 25-2 (Tax Credits for Investment in Energy-Saving Facilities)

Article 25-3 (Tax Credits for Investment in Facilities for Environmental Conservation)

Article 25-4 (Tax Credits for Investment in Facilities to Improve Quality Control of Medical Supplies)

Article 25-5 (Tax Credits for Investment in Facilities for Commercializing New Growth Technologies)

Article 25-6 (Tax Credit for Production Costs of Video Content)

Article 26 (Tax Credits for Employment-Creating Investment)

Articles 27 and 27-2 Deleted.

Article 28 (Special Taxation for Including Depreciation Cost of Service Businesses in Deductible Expenses)

Article 28-2 (Special Taxation for Including Depreciation Cost of Assets Invested in Plant and Equipment of Small or Medium and Middle-Standing Enterprises in Deductible Expenses)

Article 29 (Separate Taxation on Interest Income from Social Infrastructure Bonds)

Section 4-2 Special Taxation for Employment Support

Article 29-2 (Tax Credits for Small or Medium Enterprises Having Reinstated Graduates of High Schools, etc. Aligned to Industry Demand after Performing their Military Service)

Article 29-3 (Tax Credits for Small or Medium Enterprises Re-Employing Career-Interrupted Women)

Article 29-4 (Tax Credits for Enterprises Increasing Earned Income)

Article 29-5 (Tax Credits for Enterprises Increasing Jobs for Youths)

Article 29-6 (Income Tax Reductions or Exemptions, etc. on Payments Received from Performance Compensation Fund for Core Personnel of Small and Medium Enterprises)

Article 30 (Income Tax Reduction or Exemption for Employees of Small or Medium Enterprises)

Article 30-2 (Tax Credits for Change of Status to Regular Employees)

Article 30-3 (Special Taxation for Small or Medium Enterprises, etc. Maintaining Employment)

Article 30-4 (Tax Credits for Social Insurance Premiums for Increased Number of Employees in Small or Medium Enterprises)

Section 5 Special Taxation for Corporate Restructuring

Article 30-5 (Special Taxation for Gift Tax on Start-Up Funds)

Article 30-6 (Special Taxation for Gift Tax on Succession to Family Business)

Article 31 (Capital Gains Tax Carried Forward, etc. Following Consolidation between Small or Medium Enterprises)

Article 32 (Capital Gains Tax Carried Forward Following Conversion into Corporation)

Article 33 (Special Taxation for Enterprises Undergoing Trade Adjustment Assistance whose Business is Converted)

Article 33-2 (Tax Reduction or Exemption for Small or Medium Enterprises or Enterprises Undergoing Trade Adjustment Assistance whose Business is Converted)

Article 34 (Special Taxation for Assets Sold by Domestic Corporations to Pay Financial Debts)

Articles 35 and 36 Deleted.

Article 37 (Special Taxation for Comprehensive Transfer of Assets)

Article 38 (Special Taxation for All-Inclusive Share Swap or Transfer)

Article 38-2 (Special Taxation for Incorporation, etc. of Holding Companies through Investment In Kind, etc. with Stocks)

Article 38-3 (Special Taxation for Investment in Kind with Stocks, etc. of Foreign Subsidiaries by Domestic Corporation)

Article 39 (Special Taxation for Assumption and Payment of Debts)

Article 40 (Special Taxation on Corporate Tax, etc. Following Transfer of Assets by Stockholders, etc.)

Article 41 Deleted.

Article 41-2 Deleted.

Article 42 Deleted.

Article 43 (Reduction or Exemption, etc. of Capital Gains Tax on Acquisitor of Real Estate Subject to Restructuring)

Article 43-2 Deleted.

Article 44 (Special Taxation for Gains from Debt Relief of Corporations Implementing Financial Restructuring Plans, etc.)

Article 45 (Special Taxation for Reduction of Capital)

Article 45-2 (Special Taxation for Corporate Split for Restructuring of Public Institutions)

Article 46 (Special Taxation for Exchange of Stocks, etc. between Enterprises)

Article 46-2 (Special Taxation for Corporate Stock Exchange, etc. for Strategic Partnership with Venture Business)

Article 46-3 (Special Taxation for Corporate Stock Exchange, etc. for Strategic Partnership of Logistics Enterprises)

Article 46-4 (Special Taxation of Corporate Tax on Margins Accruing from Transfer of Self-Logistics Facilities)

Article 46-5 (Special Taxation on Division of Logistics Business)

Article 46-6 (Special Taxation for Succession to Deficits Carried Forward following Merger of Logistics Corporations)

Article 46-7 (Special Taxation for Swap of Unlisted Stocks, etc. for Strategic Partnership)

Article 46-8 (Special Taxation for Re-Investment in Venture Businesses, etc. after Sale of Stocks)

Articles 47 and 47-2 Deleted.

Article 47-3 (Special Taxation for Succession to Deficit Carried Forward following Merger with Venture Businesses)

Section 6 Special Taxation for Restructuring Financial Institutions

Article 47-4 (Special Taxation for Transfer of Redundant Assets following Merger)

Article 48 (Special Taxation for Reserves for Structural Improvement)

Article 49 Deleted.

Articles 50 and 51 Deleted.

Article 52 (Special Taxation of Corporate Tax on Takeover of Assets or Debts by Financial Institutions)

Article 52-2 Deleted.

Article 53 Deleted.

Articles 54 and 55 Deleted.

Article 55-2 (Special Taxation for Self-Managed Real Estate Investment Companies, etc.)

Article 56 Deleted.

Article 57 (Business Year for Profits or Losses Arising from Investments in Securities Market Stabilization Fund, etc.)

Section 7 Special Taxation for Balanced Regional Development

Articles 58 and 59 Deleted.

Article 60 (Special Taxation for Corporate Tax on Relocating Factories Outside of Large Cities)

Article 61 (Special Taxation for Corporate Tax on Transfer Gains Following Relocation of Corporation's Head Office to Outside of Overconcentration Control Region of Seoul Metropolitan Area)

Article 62 (Reduction or Exemption of Corporate Tax, etc. for Public Institutions Relocating to Innovation Cities, etc.)

Article 63 (Tax Reduction or Exemption for Small or Medium Enterprises Relocating Outside of Over-Concentration Control Region of Seoul Metropolitan Area)

Article 63-2 (Reduction or Exemption of Corporate Tax, etc. for Relocating Factories and Head Offices to Areas Outside of Seoul Metropolitan Area)

Article 63-3 Deleted.

Article 64 (Tax Reduction or Exemption for Enterprises, etc. that Occupy Agro-Industrial Complexes)

Article 65 Deleted.

Article 66 (Corporation Tax Exemption, etc. for Agricultural Partnerships, etc.)

Article 67 (Corporate Tax Exemption, etc. for Fishery Partnerships, etc.)

Article 68 (Corporate Tax Exemption, etc. for Agricultural Companies)

Article 69 (Reduction or Exemption of Capital Gains Tax for Self-Cultivating Farmland)

Article 69-2 (Reduction or Exemption of Capital Gains Tax on Site of Stables for Livestock)

Article 70 (Reduction or Exemption of Capital Gains Tax for Substitute Land for Farmland)

Article 70-2 (Special Taxation for Capital Gains Tax on Sale, etc. of Farmland to Support Business Workout)

Article 71 (Reduction or Exemption of Gift Tax for Farmland, etc. Gifted to Farming Offspring)

Section 8 Special Taxation for Support of Public Service Projects

Article 72 (Special Taxation concerning Corporate Tax on Incorporated Associations, etc.)

Article 72-2 Deleted.

Article 73 Deleted.

Article 74 (Special Cases of Including Reserve Funds for Proper Purpose Business in Deductible Expenses)

Article 75 (Donation Incentives)

Article 76 (Special Cases, etc. of Including Political Funds in Deductible Expenses)

Article 77 (Reduction or Exemption of Capital Gains Tax for Land, etc. for Public Works Projects)

Article 77-2 (Special Taxation for Capital Gains Tax on Compensation by Substitute Land)

Article 77-3 (Capital Gains Tax Reduction or Exemption for Land, etc. subject to Purchase Following Designation of Development Restriction Zones)

Articles 78 through 81 Deleted.

Article 81-2 Deleted.

Article 82 Deleted.

Article 83 (Special Taxation for Capital Gains Tax for Relocating Museums, etc.)

Articles 84 and 85 Deleted.

Article 85-2 (Special Taxation for Relocating Factories in Areas Subject to Development Plans of Administrative City and Innovation Cities to Rural Areas)

Article 85-3 (Special Taxation for Corporate Tax on Investment in Kind, etc. with Land Located in Enterprise City Development Project District, etc.)

Article 85-4 (Special Taxation for Corporate Tax on Investment in Kind with Land for Free Economic Zone Development Projects)

Article 85-5 (Special Taxation for Proceeds from Transferring Land, etc. for Child-Care Centers)

Article 85-6 (Reduction or Exemption of Corporate Tax, etc. for Social Enterprises and Standard Workplaces for Persons with Disabilities)

Article 85-7 (Special Taxation for Relocation of Factories due to Expropriation, etc. for Public Works Projects)

Article 85-8 (Special Taxation for Small or Medium Enterprises Upon Relocation of Factories)

Article 85-9 (Special Taxation for Relocation of Logistics Facilities due to Expropriation, etc. for Public Service Projects)

Article 85-10 (Capital Gains Tax Reduction or Exemption for Mountainous Areas Transferred to State)

Section 9 Special Taxation for Support of Savings

Articles 86 and 86-2 Deleted.

Article 86-3 (Income Deductions, etc. for Mutual Aid Funds for Small Enterprises and Micro Enterprises)

Article 87 (Income Deductions, etc. for Collective Savings Accounts for Housing Subscription)

Article 87-2 (Non-Taxation on Lump-Sum Savings of Farming and Fishing Households)

Article 87-3 Deleted.

Article 87-4 Deleted.

Article 87-5 (Special Taxation for Stockholders of Ship Investment Companies)

Article 87-6 (Special Taxation for Dividend Income from Collective Investment Securities, such as Real Estate Funds)

Article 88 Deleted.

Article 88-2 (Special Taxation on Tax-Free Comprehensive Savings)

Article 88-3 Deleted.

Article 88-4 (Special Taxation for Members, etc. of Employee Stock Ownership Associations)

Article 88-5 (Special Taxation for Capital Investments, etc. in Cooperatives, etc.)

Article 88-6 Deleted.

Article 89 (Special Taxation for Tax-Favored Comprehensive Savings)

Article 89-2 (Submission, etc. of Data on Tax-Favored Savings)

Article 89-3 (Low Rate of Taxation on Deposits in Cooperatives, etc.)

Article 90 Deleted.

Article 90-2 (Penalty Tax on Failure to Submit Tax-favored Data)

Article 91 Deleted.

Article 91-2 (Special Taxation for Collective Investment Schemes)

Article 91-3 Deleted.

Article 91-4 Deleted.

Article 91-5 Deleted.

Article 91-6 (Special Taxation on Dividend Income from Stocks of Overseas Resources Development Investment Company, etc.)

Article 91-7 Deleted.

Article 91-8 Deleted.

Articles 91-9 through 91-11 Deleted.

Article 91-12 (Special Taxation on Investment Trusts, etc. for Exclusive Use of Overseas Koreans)

Article 91-13 Deleted.

Article 91-14 (Non-Taxation on Asset-Building Savings)

Article 91-15 (Special Taxation for High-Yield, High-Risk Investment Trusts, etc.)

Article 91-16 (Income Deductions for Long-Term Collective Investment Securities Savings)

Article 91-17 (Special Taxation for Collective Investment Schemes Only for Investment in Foreign Stocks)

Article 91-18 (Special Taxation for Individual Savings Accounts)

Section 10 Special Taxation for Stabilization of National Living

Article 92 Deleted.

Article 93 Deleted.

Article 94 (Tax Credits for Investment in Facilities for Promoting Workers' Welfare)

Article 95 Deleted.

Article 95-2 (Tax Credits for Monthly Rents)

Article 96 (Tax Reduction or Exemption for Small-Housing Rental Business Operators)

Article 97 (Capital Gains Tax Reduction or Exemption for Long-Term Rental Housing Units)

Article 97-2 (Special Taxation for Capital Gains Tax Reduction or Exemption for Newly-Built Rental Housing Units)

Article 97-3 (Special Taxation for Capital Gains Tax on Quasi-Public Rental Housing, etc.)

Article 97-4 (Special Taxation for Capital Gains Tax on Long-Term Rental Housing Units)

Article 97-5 (Capital Gains Tax Reductions or Exemptions for Quasi-Public Rental Housing Units, etc.)

Article 97-6 (Special Taxation, etc. on In-Kind Investors in Real Estate Investment Companies for Rental Housing)

Article 97-7 (Special Taxation on Land Transferred to Commercial Rental Business Operators)

Article 97-8 (Special Taxation on In-Kind Investors in Publicly-Offering Real Estate Investment Companies)

Article 98 (Special Taxation for Unsold Housing Units)

Article 98-2 (Special Taxation on Capital Gains Tax for Acquisition of Unsold Local Housing Units)

Article 98-3 (Special Taxation for Capital Gains Tax on Purchasers of Unsold Housing Units)

Article 98-4 (Special Taxation for Capital Gains Tax on Acquisition of Houses by Non-Residents)

Article 98-5 (Special Taxation for Capital Gains Tax on Purchasers of Unsold Housing Units Located outside Seoul Metropolitan Area)

Article 98-6 (Special Taxation for Capital Gains Tax on Purchasers of Completed but Unsold Housing Units)

Article 98-7 (Special Taxation for Capital Gains Tax on Purchasers of Unsold Housing Units)

Article 98-8 (Special Taxation for Capital Gains Tax on Purchasers of Completed but Unsold Housing Units)

Article 99 (Capital Gains Tax Reduction or Exemption for Purchasers of Newly-Built Houses)

Article 99-2 (Special Taxation for Capital Gains on Purchasers of Newly-Built Houses, etc.)

Article 99-3 (Special Taxation for Capital Gains Tax on Purchasers of Newly-Built Houses)

Article 99-4 (Special Taxation for Capital Gains Tax on Purchasers of Houses, etc. in Agricultural or Fishing Villages)

Article 99-5 (Special Cases concerning Extinction of Small Private Enterprises’ Liability to Pay Tax for which Disposition of Deficit was Issued)

Article 99-6 (Special Taxation for Delinquent Taxes, etc. of Resurgent Small or Medium Entrepreneurs)

Article 99-7 (Special Taxation for Lease on Deposit Basis without Large Sum of Key Money)

Article 99-8 (Special Cases concerning Deferment of Tax Collection from Resurgent Small and Medium Entrepreneurs)

Article 100 (Special Taxation for Assistance in Stability of Employees' Housing Situation)

Section 10-2 Special Taxation for Heightening Willingness to Work

Article 100-2 (Earned Income Tax Credits)

Article 100-3 (Eligibility to Apply for Labor Encouragement Subsidies)

Article 100-4 (Requirements for Dependent Children and Timing for Determination)

Article 100-5 (Calculation of Labor Encouragement Subsidies)

Article 100-6 (Filing Applications, etc. for Labor Encouragement Subsidies)

Article 100-7 (Determination of Labor Encouragement Subsidies)

Article 100-8 (Refund, etc. of Labor Encouragement Subsidies)

Article 100-9 (Restriction on Refund of Labor Encouragement Subsidies)

Article 100-10 (Correction, etc. of Labor Encouragement Subsidies)

Article 100-11 (Verification and Inspection of Applicants, etc.)

Article 100-12 (Inquiries into Financial Transaction Information)

Article 100-13 (Request for Data)

Section 10-3 Special Taxation for Stabilization of National Living

Article 100-14 (Definitions)

Article 100-15 (Scope of Application)

Article 100-16 (Duties of Partnership Firms and Partners to Pay Taxes)

Article 100-17 (Application for Eligibility for or Waiver of Special Taxation for Partnership Firms)

Article 100-18 (Calculation and Allocation of Income, etc. of Partnership Firms)

Article 100-19 (Transactions between Partnership Firm and its Partners)

Article 100-20 (Adjustment of Value of Equity Shares)

Article 100-21 (Transfer of Equity Shares in Partnership Firms)

Article 100-22 (Distribution of Assets of Partnership Firms)

Article 100-23 (Reporting on Details of Calculation and Allocation of Income of Partnership Firms)

Article 100-24 (Withholding Taxes from Non-resident or Foreign Corporation Partners)

Article 100-25 (Additional Tax)

Article 100-26 (Provisions Applicable Mutatis Mutandis)

Section 10-4 Special Taxation for Encouragement of Children

Article 100-27 (Child Care Tax Credit System)

Article 100-28 (Eligibility to Apply for Child Care Subsidies)

Article 100-29 (Calculation of Child Care Subsidies)

Article 100-30 (Application, etc. for Child Care Subsidies)

Article 100-31 (Application Mutatis Mutandis of Matters concerning Child Care Subsidies, etc.)

Articles 100-32 through 100-34 Deleted.

Section 11 Special Taxation for Other Direct National Taxes

Article 101 (Special Case of Application of Additional Appraisal to Largest Stockholder, etc. of Small or Medium Enterprises)

Article 102 (Tax Reduction or Exemption for Income from Forest Development)

Article 103 Deleted.

Article 104 Deleted.

Article 104-2 (Assistance to Fishermen Affected by Fishery Treaties)

Article 104-3 (Special Taxation on Special Purpose Companies for Recapitalization)

Article 104-4 (Special Taxation for Income Tax, etc. on Multilateral-Trade Contracts)

Article 104-5 Deleted.

Article 104-6 Deleted.

Article 104-7 (Special Taxation for Rearrangement Project Associations)

Article 104-8 (Tax Credits for Electronic Returns)

Article 104-9 (Inclusion of Reserve Funds for Participation in EXPO 2012 Yeosu Korea in Deductible Expenses)

Article 104-10 (Special Cases concerning Calculating Corporate Tax Base for Shipping Enterprises)

Article 104-11 (Special Cases of Inclusion in Deductible Expenses concerning Investment in, and Contribution to, Credit Rehabilitation Services Companies by Financial Institutions)

Article 104-12 (Special Taxation for Credit Rehabilitation Services Companies)

Article 104-13 (Special Taxation of Gross Real Estate Tax for Confucian Schools and Religious Organizations)

Article 104-14 (Tax Credits for Third Party Logistics Expenses)

Article 104-15 (Special Taxation for Investment in Development of Overseas Resources)

Article 104-16 (Special Taxation for Financial Soundness of Universities and Colleges)

Article 104-17 (Special Cases for Inclusion in Deductible Expenses at Time of Contribution of Dormant Deposits of Financial Institutions)

Article 104-18 (Tax Credits for Specific Educational Expenses, etc. of University or College)

Article 104-19 (Special Taxation for Land Acquired by Housing Construction Project Operators)

Article 104-20 (Special Taxation for Capital Gains Tax following Implementation of Industrial Complex Development Projects)

Article 104-21 (Special Taxation for Corporate Tax on Consolidation of Korea National Housing Corporation and Korea Land Corporation)

Article 104-22 (Special Taxation for Establishment and Operation of Corporate Sport Teams)

Article 104-23 (Exclusion of Amount Transferred to Bad Debt Allowances from Gross Incomes in Cases of Domestic Corporations, etc. Subject to Application of International Accounting Standards)

Article 104-24 (Tax Reduction or Exemption for Overseas Korean Enterprises on their Return to Korea)

Article 104-25 (Tax Credits for Electronic Commerce of Petroleum Products)

Article 104-26 (Inclusion of Claims in Deductible Expenses Following Revocation of Authorization for Establishment, etc. of Rearrangement Project Associations)

Article 104-27 (Special Taxation on Dividend Income from Stocks of High Dividend Companies)

Article 104-28 (Special Taxation for 2018 PyeongChang Olympic and Paralympic Winter Games)

CHAPTER III INDIRECT NATIONAL TAXES

Article 105 (Application of Zero Rate of Value-Added Tax)

Article 105-2 (Special Cases for Refund of Value-Added Tax on Machinery and Materials for Agriculture, Forestry, and Fisheries)

Article 106 (Exemption, etc. from Value-Added Tax)

Article 106-2 (Reduction, Exemption, etc. of Value-Added Tax, etc. on Petroleum Products for Agriculture, Forestry, Fisheries, and Coastal Passenger Ships)

Article 106-3 (Special Taxation for Value-Added Tax on Gold Bullion)

Article 106-4 (Special Taxation for Payment of Value-Added Tax by Purchasers of Gold-Related Products)

Article 106-5 Deleted.

Article 106-6 (Submission of Statement of Transactions of Gold Bullion, etc.)

Article 106-7 (Value-Added Tax Relief for General Taxicab Business Operators)

Article 106-8 Deleted.

Article 106-9 (Special Taxation for Payment of Value-Added Tax by Purchasers of Scrap, etc.)

Article 107 (Special Cases concerning Indirect Taxes on Foreign Business Operators, etc.)

Article 107-2 (Special Cases concerning Value-Added Tax for Foreign Tourists)

Article 107-3 (Special Cases concerning Refunds of Value-Added Tax to Foreign Tourists Provided with Medical Services for Cosmetic Surgeries)

Article 108 (Special Cases concerning Deduction of Input Tax Amount for Value-Added Tax on Recycled Waste Resources, etc.)

Article 108-2 (Special Cases Concerning Deduction of Input Tax Amount for Value-Added Tax on Scrap, etc. of Business Operators of Scrap, etc.)

Article 108-3 (Special Cases Concerning Preliminary Imposition of Value-Added Tax on Gold Business Operators and Business Operators of Scrap, etc.)

Article 109 (Reduction or Exemption of Individual Consumption Tax on Environment-Friendly Motor Vehicles)

Article 109-2 (Reduction or Exemption of Individual Consumption Tax for Replacing Decrepit Diesel Motor Vehicles)

Article 109-3 (Exemption from Individual Consumption Tax on Goods for EXPO 2012 Yeosu Korea)

Article 110 (Exemption from Individual Consumption Tax on Passenger Motor Vehicles for Diplomats, etc.)

Article 111 (Exemption of Individual Consumption Tax or Traffic, Energy and Environment Tax on Petroleum Products)

Article 111 (Exemption of Individual Consumption Tax on Petroleum Products)

Article 111-2 (Special Cases concerning Refund of Traffic, Energy and Environment Tax and Individual Consumption Tax on Fuel for Compact Motor Vehicles)

Article 111-2 (Special Cases concerning Refund of Traffic, Energy and Environment Tax and Individual Consumption Tax on Fuel for Compact Motor Vehicles)

Article 111-3 (Reduction of, or Exemption from, Individual Consumption Tax, etc. on Taxi Fuel)

Article 111-4 (Special Cases concerning Refund of Individual Consumption Tax, etc. on Fuel of Motor Vehicles for Diplomats, etc.)

Articles 112 and 112-2 Deleted.

Article 113 (Procedures, etc. for Reducing or Exempting Individual Consumption Tax and Traffic, Energy and Environment Tax)

Article 113 (Procedures, etc. for Reducing or Exempting Individual Consumption Tax)

Article 113-2 (Integrated Management of Supply of Tax-Free Petroleum, etc.)

Article 114 (Exemption from Individual Consumption Tax and Liquor Tax on Goods Sold to Military Personnel, etc.)

Article 115 (Exemption from Liquor Tax)

Article 116 (Exemption from Stamp Tax)

Article 117 (Exemption from Securities Transaction Tax)

Article 118 (Reduction of Customs Duties)

Article 118-2 (Reduction or Exemption of Customs Duties for Overseas Korean Enterprises on their Return to Korea)

CHAPTER IV Deleted.

Articles 119 and 120 Deleted.

Article 120-2 Deleted.

Article 121 Deleted.

CHAPTER V SPECIAL TAXATION FOR FOREIGNERS' INVESTMENT, ETC.

Article 121-2 (Reduction or Exemption of Corporate Tax, etc. for Foreign Investment)

Article 121-3 (Exemption from Customs Duties, etc.)

Article 121-4 (Tax Reduction or Exemption for Capital Increase)

Article 121-5 (Additional Collection, etc. of Amount of Tax Reduced or Exempted on Foreign Investment)

Article 121-6 Deleted.

Article 121-7 (Delegation, etc. of Authority)

CHAPTER V-2 SPECIAL TAXATION TO PROMOTE JEJU FREE INTERNATIONAL CITY

Article 121-8 (Reduction or Exemption of Corporate Tax, etc. for Enterprises that Occupy Jeju Science Park)

Article 121-9 (Reduction or Exemption of Corporate Tax, etc. for Enterprises that Occupy Jeju Investment Promotion Zone or Jeju Free Trade Zone)

Article 121-10 (Exemption from Customs Duties on Goods Imported by Enterprises that Occupy Jeju Science Park)

Article 121-11 (Exemption from Customs Duties on Goods Imported by Companies Located in Jeju Investment Promotion Zone)

Article 121-12 (Additional Collection of Amount of Tax Reduced or Exempted from Enterprises that Occupy Jeju Investment Promotion Zone or Jeju Free Trade Zone)

Article 121-13 (Special Cases Concerning Indirect Tax, etc. for Jeju-do Traveler Using Duty-Free Shops)

Articles 121-14 through 16 Deleted.

CHAPTER V-3 SPECIAL TAXATION TO DEVELOP ENTERPRISE CITIES AND TO SUPPORT REGIONAL DEVELOPMENT PROJECT ZONES, ETC.

Article 121-17 (Reduction or Exemption of Corporate Tax, etc. for Start-Up Enterprises, etc. in Enterprise City Development Zones, etc.)

Article 121-18 (Reduction of, or Exemption from, Individual Consumption Tax on Golf Courses in Tourism-Hub Enterprise Cities)

Article 121-19 (Additional Collection, etc. of Reduced or Exempted Amount of Tax)

CHAPTER V-4 SPECIAL TAXATION TO SUPPORT ASIAN CULTURAL HUB CITY

Article 121-20 (Reduction or Exemption of Corporate Tax, etc. for Enterprises that Occupy Investment Promotion Zone for Asian Cultural Hub City)

CHAPTER V-5 SPECIAL TAXATION TO CREATE AND DEVELOP FINANCIAL HUBS

Article 121-21 (Reduction or Exemption of Corporate Tax, etc. for Enterprises, etc. Incorporated in Financial Hubs)

CHAPTER V-6 SPECIAL TAXATION TO SUPPORT HIGH-TECH MEDICAL COMPLEXES

Article 121-22 (Reduction or Exemption of Corporate Tax, etc. for Enterprises, etc. that Occupy High-Tech Medical Complexes)

CHAPTER V-7 SPECIAL TAXATION FOR RESTRUCTURING NATIONAL AGRICULTURAL COOPERATIVE FEDERATION

Article 121-23 (Special Taxation for Split-Off, etc. of National Agricultural Cooperative Federation)

CHAPTER V-8 SPECIAL TAXATION TO RECOVER PUBLIC FUNDS

Article 121-24 (Special Taxation for Merger, Division, etc. to Recover Public Funds)

CHAPTER V-9 SPECIAL TAXATION FOR RESTRUCTURING OF NATIONAL FEDERATION OF FISHERIES COOPERATIVES

Article 121-25 (Special Taxation for Division, etc. of National Federation of Fisheries Cooperatives)

CHAPTER V-10 SPECIAL TAXATION FOR BUSINESS RESTRUCTURING PLANS

Article 121-26 (Special Taxation for Assets Sold by Domestic Corporations to Pay Financial Debts)

Article 121-27 (Special Taxation for Assumption and Payment of Debts)

Article 121-28 (Special Taxation for Corporate Tax, etc, Following Transfer of Assets of Stockholders, etc.)

Article 121-29 (Special Taxation for Gains from Debt Relief of Corporations Implementing Corporate Restructuring Plans)

Article 121-30 (Special Taxation for Exchange of Stocks, etc. between Enterprises)

Article 121-31 (Special Taxation for Transfer of Redundant Assets following Merger)

Article 121-32 (Special Cases concerning Distribution Ratio of Stocks upon Merger under Corporate Restructuring Plan)

CHAPTER VI OTHER SPECIAL TAXATION

Section 1 Special Taxation for Legalization of Tax Base

Article 122 Deleted.

Article 122-2 Deleted.

Article 122-3 (Deduction of Medical Expenses, etc. for Compliant Business Operators)

Article 122-4 (Tax Credits for Increased Revenue, etc. of Gold Business Operators and Business Operators of Scrap, etc.)

Article 123 Deleted.

Article 124 Deleted.

Article 125 Deleted.

Article 126 Deleted.

Article 126-2 (Income Deduction for Amount Spent on Credit Cards, etc.)

Article 126-3 (Special Taxation for Cash Receipt Service Operators and Cash Receipt Merchants)

Article 126-4 Deleted.

Article 126-5 (Confirmation, etc. of Cash Transactions)

Article 126-6 (Tax Credits for Expenses Incurred in Verifying Compliant Filing)

Article 126-7 (Special Taxation for Gold Bullion Traded in Spot Gold Markets)

Section 2 Restriction, etc. of Special Taxation

Article 127 (Elimination of Duplicative Support)

Article 128 (Exclusion from Reduction and Exemption in Cases of Estimated Taxation, etc.)

Article 129 (Exclusion, etc. from Reduction or Exemption of Capital Gains Tax)

Article 130 (Exclusion from Tax Reduction or Exemption for Investment in Over-Concentration Control Region of Seoul Metropolitan Area)

Article 131 Deleted.

Article 132 (Exclusion from Tax Reduction or Exemption Less than Minimum Tax)

Article 132-2 (Composite Ceiling on Income Tax Deductions, etc.)

Article 133 (Composite Ceiling on Reduction of, or Exemption from, Capital Gains Tax and Gift Tax)

Article 134 Deleted.

Article 135 Deleted.

Article 136 (Special Cases concerning Exclusion of Entertainment Expenses from Deductible Expenses)

Article 137 Deleted.

Article 138 (Deemed Gross Income from Rental Security Deposits, etc.)

Article 139 Deleted.

Article 140 (Special Taxation for Development of Submarine Mineral Resources)

Article 141 (Special Cases concerning Tax Imposition on Registration of Real Estate in Actual Titleholder's Name)

Article 141-2 (Special Provisions on Taxation for Sales Profit of Non-Residents’ Inventory Assets at Logistics Facilities in Bonded Area)

CHAPTER VII SUPPLEMENTARY PROVISIONS

Article 142 (Ex Ante and Ex Post Management of Special Taxation)

Article 142-2 (Preparation of Tax Expenditure Budget)

Article 143 (Separate Accounting)

Article 144 (Tax Credits Carried-Forward)

Article 145 Deleted.

Article 146 (Additional Collection of Amount of Tax Reduced or Exempted)

Article 147 (Calculation of Value of Non-Par Value Stocks)

ADDENDA

ADDENDA <Act No. 5825, Feb. 8, 1999>

ADDENDA <Act No. 5960, Mar. 31, 1999>

ADDENDA <Act No. 5980, Apr. 30, 1999>

ADDENDA <Act No. 5982, May 24, 1999>

ADDENDA <Act No. 5996, Aug. 31, 1999>

ADDENDA <Act No. 6045, Dec. 28, 1999>

ADDENDA <Act No. 6054, Dec. 28, 1999>

ADDENDA <Act No. 6055, Dec. 28, 1999>

ADDENDA <Act No. 6073, Dec. 31, 1999>

ADDENDA <Act No. 6136, Jan. 12, 2000>

ADDENDA <Act No. 6194, Jan. 21, 2000>

ADDENDA <Act No. 6273, Oct. 21, 2000>

ADDENDA <Act No. 6297, Dec. 29, 2000>

ADDENDA <Act No. 6299, Dec. 29, 2000>

ADDENDA <Act No. 6305, Dec. 29, 2000>

ADDENDA <Act No. 6312, Dec. 29, 2000>

ADDENDA <Act No. 6372, Jan. 16, 2001>

ADDENDA <Act No. 6480, May 24, 2001>

ADDENDA <Act No. 6501, Aug. 14, 2001>

ADDENDA <Act No. 6510, Aug. 14, 2001>

ADDENDA <Act No. 6519, Nov. 21, 2001>

ADDENDA <Act No. 6538, Dec. 29, 2001>

ADDENDA <Act No. 6689, Apr. 20, 2002>

ADDENDA <Act No. 6705, Aug. 26, 2002>

ADDENDA <Act No. 6708, Aug. 26, 2002>

ADDENDA <Act No. 6762, Dec. 11, 2002>

ADDENDA <Act No. 6852, Dec. 30, 2002>

ADDENDA <Act No. 6867, May 10, 2003>

ADDENDA <Act No. 6916, May 29, 2003>

ADDENDA <Act No. 7003, Dec. 30, 2003>

ADDENDA <Act No. 7030, Dec. 31, 2003>

ADDENDA <Act No. 7066, Jan. 20, 2004>

ADDENDA <Act No. 7191, Mar. 12, 2004>

ADDENDA <Act No. 7210, Mar. 22, 2004>

ADDENDA <Act No. 7216, Jul. 26, 2004>

ADDENDA <Act No. 7220, Oct. 5, 2004>

ADDENDA <Act No. 7240, Oct. 22, 2004>

ADDENDA <Act No. 7281, Dec. 31, 2004>

ADDENDA <Act No. 7284, Dec. 31, 2004>

ADDENDA <Act No. 7311, Dec. 31, 2004>

ADDENDA <Act No. 7322, Dec. 31, 2004>

ADDENDA <Act No. 7332, Jan. 5, 2005>

ADDENDA <Act No. 7428, Mar. 31, 2005>

ADDENDA <Act No. 7577, Jul. 13, 2005>

ADDENDA <Act No. 7601, Jul. 13, 2005>

ADDENDA <Act No. 7678, Aug. 4, 2005>

ADDENDA <Act No. 7775, Dec. 29, 2005>

ADDENDA <Act No. 7839, Dec. 31, 2005>

ADDENDA <Act No. 7845, Jan. 2, 2006>

ADDENDA <Act No. 7849, Feb. 21, 2006>

ADDENDA <Act No. 7949, Apr. 28, 2006>

ADDENDA <Act No. 8050, Oct. 4, 2006>

ADDENDA <Act No. 8086, Dec. 26, 2006>

ADDENDA <Act No. 8138, Dec. 30, 2006>

ADDENDA <Act No. 8146, Dec. 30, 2006>

ADDENDA <Act No. 8347, Apr. 11, 2007>

ADDENDA <Act No. 8362, Apr. 11, 2007>

ADDENDA <Act No. 8367, Apr. 11, 2007>

ADDENDA <Act No. 8371, Apr. 11, 2007>

ADDENDA <Act No. 8387, Apr. 27, 2007>

ADDENDA <Act No. 8466, May 17, 2007>

ADDENDA <Act No. 8493, Jun. 1, 2007>

ADDENDA <Act No. 8572, Aug. 3, 2007>

ADDENDA <Act No. 8827, Dec. 31, 2007>

ADDENDA <Act No. 8852, Feb. 29, 2008>

ADDENDA <Act No. 8966, Mar. 21, 2008>

ADDENDA <Act No. 8986, Mar. 28, 2008>

ADDENDA <Act No. 9088, Jun. 5, 2008>

ADDENDA <Act No. 9131, Sep. 26, 2008>

ADDENDA <Act No. 9272, Dec. 26, 2008>

ADDENDA <Act No. 9276, Dec. 29, 2008>

ADDENDA <Act No. 9353, Jan. 30, 2009>

ADDENDA <Act No. 9366, Jan. 30, 2009>

ADDENDA <Act No. 9370, Jan. 30, 2009>

ADDENDA <Act No. 9374, Jan. 30, 2009>

ADDENDA <Act No. 9432, Feb. 6, 2009>

ADDENDA <Act No. 9512, Mar. 25, 2009>

ADDENDA <Act No. 9584, Apr. 1, 2009>

ADDENDA <Act No. 9620, Apr. 1, 2009>

ADDENDA <Act No. 9671, May 21, 2009>

ADDENDA <Act No. 9705, May 22, 2009>

ADDENDA <Act No. 9708, May 22, 2009>

ADDENDA <Act No. 9763, Jun. 9, 2009>

ADDENDA <Act No. 9921, Jan. 1, 2010>

ADDENDA <Act No. 9924, Jan. 1, 2010>

ADDENDA <Act No. 10068, Mar. 12, 2010>

ADDENDA <Act No. 10220, Mar. 31, 2010>

ADDENDA <Act No. 10221, Mar. 31, 2010>

ADDENDA <Act No. 10285, May 14, 2010>

ADDENDA <Act No. 10310, May 25, 2010>

ADDENDA <Act No. 10339, Jun. 4, 2010>

ADDENDA <Act No. 10361, Jun. 8, 2010>

ADDENDA <Act No. 10406, Dec. 27, 2010>

ADDENDA <Act No. 10445, Mar. 9, 2011>

ADDENDA <Act No. 10529, Apr. 4, 2011>

ADDENDA <Act No. 10596, Apr. 14, 2011>

ADDENDA <Act No. 10631, May 19, 2011>

ADDENDA <Act No. 10653, May 19, 2011>

ADDENDA <Act No. 10682, May 19, 2011>

ADDENDA <Act No. 10684, May 19, 2011>

ADDENDA <Act No. 10764, May 30, 2011>

ADDENDA <Act No. 10789, Jun. 7, 2011>

ADDENDA <Act No. 10854, Jul. 14, 2011>

ADDENDA <Act No. 10890, Jul. 21, 2011>

ADDENDA <Act No. 10901, Jul. 25, 2011>

ADDENDA <Act No. 10907, Jul. 25, 2011>

ADDENDA <Act No. 11133, Dec. 31, 2011>

ADDENDA <Act No. 11232, Jan. 26, 2012>

ADDENDA <Act No. 11241, Jan. 26, 2012>

ADDENDA <Act No. 11459, Jun. 1, 2012>

ADDENDA <Act No. 11486, Oct 2, 2012>

ADDENDA <Act No. 11614, Jan. 1, 2013>

ADDENDA <Act No. 11690, Mar. 23, 2013>

ADDENDA <Act No. 11759, May 10, 2013>

ADDENDA <Act No. 11845, May 28, 2013>

ADDENDA <Act No. 11873, Jun. 7, 2013>

ADDENDA <Act No. 11965, Jul. 30, 2013>

ADDENDA <Act No. 11989, Jul. 30, 2013>

ADDENDA <Act No. 12031, Aug. 13, 2013>

ADDENDA <Act No. 12153, Jan. 1, 2014>

ADDENDA <Act No. 12173, Jan. 1, 2014>

ADDENDA <Act No. 12251, Jan. 14, 2014>

ADDENDA <Act No. 12570, May 14, 2014>

ADDENDA <Act No. 12663, May 21, 2014>

ADDENDA <Act No. 12853, Dec. 23, 2014>

ADDENDA <Act No. 13082, Jan. 28, 2015>

ADDENDA <Act No. 13230, Mar. 27, 2015>

ADDENDA <Act No. 13372, Jun. 22, 2015>

ADDENDA <Act No. 13383, Jun. 22, 2015>

ADDENDA <Act No. 13426, Jul. 24, 2015>

ADDENDA <Act No. 13448, Jul. 24, 2015>

ADDENDA <Act No. 13474, Aug. 11, 2015>

ADDENDA <Act No. 13498, Aug. 28, 2015>

ADDENDA <Act No. 13499, Aug. 28, 2015>

ADDENDA <Act No. 13560, Dec. 15, 2015>

ADDENDA <Act No. 13605, Dec. 22, 2015>

ADDENDA <Act No. 13613, Dec. 22, 2015>

ADDENDA <Act No. 13797, Jan. 19, 2016>

ADDENDA <Act No. 13805, Jan. 19, 2016>

ADDENDA <Act No. 13854, Jan. 27, 2016>

ADDENDA <Act No. 13856, Jan. 27, 2016>

ADDENDA <Act No. 13983, Feb. 3, 2016>

ADDENDA <Act No. 14095, Mar. 22, 2016>

ADDENDA <Act No. 14111, Mar. 29, 2016>

ADDENDA <Act No. 14122, Mar. 29, 2016>

ADDENDA <Act No. 14127, Mar. 29, 2016>

ADDENDA <Act No. 14198, May 29, 2016>

ADDENDA <Act No. 14390, Dec. 20, 2016>

ADDENDA <Act No. 14481, Dec. 27, 2016>

ADDENDA <Act No. 14760, Apr. 18, 2017>