COMPREHENSIVE REAL ESTATE HOLDING TAX ACT
Act No. 7328, Jan. 5, 2005
Amended by Act No. 7836, Dec. 31, 2005
Act No. 8235, Jan. 11, 2007
Act No. 8435, May 17, 2007
Act No. 8830, Dec. 31, 2007
Act No. 8852, Feb. 29, 2008
Act No. 9273, Dec. 26, 2008
Act No. 9555, Apr. 1, 2009
Act No. 9710, May 27, 2009
Act No. 10220, Mar. 31, 2010
Act No. 10221, Mar. 31, 2010
Act No. 10789, jun. 7, 2011
Act No. 11690, Mar. 23, 2013
Act No. 12153, Jan. 1, 2014
Act No. 12844, Nov. 19, 2014
Act No. 13499, Aug. 28, 2015
Act No. 13796, Jan. 19, 2016
Act No. 14050, Mar. 2, 2016
Act No. 14839, Jul. 26, 2017
Act No. 19342, Apr. 18, 2023
CHAPTER I GENERAL PROVISIONS
The purpose of this Act is to contribute to balanced budgetary financing of local governments and sound development of the national economy through promotion of fairness in tax liabilities in relation to possession of real estate property and stabilization of real estate prices by levying comprehensive real estate holding tax on persons possessing high-amount real estate property.
The definitions of terms used in this Act shall be as follows: <Amended on Dec. 31, 2005; Mar. 31, 2010; Jan. 19, 2016; Dec. 31, 2018, Jun. 9, 2020; Mar. 14, 2023>
| 2. | The term "the head of a Si/Gun/Gu" means the head of a Si/Gun/autonomous Gu (hereinafter referred to as "the head of a Si/Gun" who is the head of a local government; |
| 7. | Deleted; <Dec. 31, 2005> |
| 8. | The term "household" means any family member prescribed by Presidential Decree who lives together with an owner of housing or land and his/her spouse; |
| Article 3 (Date of Taxation) |
The date of taxation for comprehensive real estate holding tax shall be the base date of property tax prescribed in Article 114 of the Local Tax Act. <Amended on Mar. 31, 2010>
| Article 4 (Place for Tax Payment) |
| (1) | Where a taxpayer liable for comprehensive real estate holding tax is an organization which is not deemed to be an individual or a corporation, Article 6 of the Income Tax Act shall apply mutatis mutandis in determining a place for tax payment. |
| (2) | Where a taxpayer liable to comprehensive real estate holding tax is deemed to be a corporation or an organization, Article 9 (1) through (3) of the Corporate Tax Act shall apply mutatis mutandis in determining a place of tax payment. <Amended on Jun. 9, 2020> |
| (3) | Where a taxpayer liable for comprehensive real estate holding tax is a non-resident individual or foreign company, does not have a domestic place of business, and possesses housing and land, from which domestic source income is not accrued, a place of tax payment shall be a place where such housing and land are located (referring to the location of housing or land, the publicly notified land price of which is the highest where two or more plots of housing or land exists). <Newly Inserted on Dec. 26, 2008> |
| Article 5 (Tax Classification and Amount of Tax) |
| (1) | The amount of comprehensive real estate holding tax shall be determined by summing up each amount of comprehensive real estate holding tax levied, respectively, on housing and land. |
| (2) | The amount of comprehensive real estate holding tax on land shall be determined by summing up the amount of general aggregate tax on land under Article 14 (1) through (3) and the amount of special aggregate tax on land under paragraphs (4) through (6) of that Article. <Amended on Dec. 31, 2005; Jun. 9, 2020; Dec. 31, 2022> |
| (1) | The provisions of the Act on Special Cases concerning Local Taxation or the Act on Restriction on Special Cases concerning Taxation governing non-taxation, tax exemption or reduction of property tax (hereinafter referred to as "provisions on property tax reduction and exemption") shall apply mutatis mutandis to the imposition of comprehensive real estate holding tax. <Amended on Mar. 31, 2010; Jun. 9, 2020> |
| (2) | The provisions on property tax reduction and exemption under ordinances of a Si/Gun pursuant to Article 4 of the Act on Special Cases concerning Local Taxation shall apply mutatis mutandis to the imposition of comprehensive real estate holding tax. <Amended on Mar. 31, 2010; Jun, 9, 2020> |
| (3) | In applying mutatis mutandis the provisions on property tax reduction and exemption pursuant to paragraphs (1) and (2), the publicly notified price shall be determined by deducting the amount calculated by the publicly notified price multiplied by the exemption and reduction rate of property taxes (100 percentage in cases of non-taxation or exemption of taxes) from the publicly notified price of eligible housing and land. <Amended on Dec. 31, 2005; Jun. 9, 2020> |
| (4) | In cases prescribed by Presidential Decree, such as cases where it is deemed inappropriate to reduce the comprehensive real estate holding tax pursuant to the provisions on property tax reduction and exemption or separate taxation provisions under paragraph (1) and (2) for the purposes of imposing comprehensive real estate holding tax, paragraph (2) or such separate taxation provisions shall not apply in imposing the comprehensive real estate holding tax. <Amended on Dec. 31, 2018; Jun. 9, 2020> |
CHAPTER II TAXATION ON HOUSING
| (1) | Any taxpayer who is liable for property taxes on housing as at the date of taxation shall be liable to pay comprehensive real estate holding tax. <Amended on Dec. 31, 2005; Dec. 26, 2008; Aug. 18, 2020> |
| (2) | In cases of housing which is trust property registered or recorded (hereinafter referred to as “trust housing”) under the name of a trustee defined in Article 2 of the Trust Act (hereinafter referred to as a “trustee”), notwithstanding paragraph (1), a trustor defined under that Article (in cases of trust housing that is purchased and possessed by a local-based housing association defined in subparagraph 11 (a) of Article 2 of the Housing Act and a workplace-based housing association defined in item (b) of that subparagraph with the money paid by the members of the associations, referring to the relevant local-based housing association and workplace-based housing association; hereinafter referred to as a “trustor”) shall be liable to pay comprehensive real estate holding tax. In such cases, the trustor shall be deemed to possess the trust housing. <Newly Inserted on Dec. 29, 2020> |
| (3) | Deleted. <Dec. 26, 2008> |
[This Article is Amended by Act No. 9273 promulgated on December 26, 2008 following the decision of unconstitutionality made by the Constitutional Court on November 13, 2008]
| Article 7-2 (Trustee’s Liability for Tax Payment in Kind concerning Trust Housing) |
Where a trustor of trust housing fails to pay comprehensive real estate holding taxes or expenses for compulsory collection (hereinafter referred to as “comprehensive real estate holding tax, etc.”) falling under any of the following subparagraphs and proceeds from the disposition of other property of the trustor fall short of the amount to be collected, the trustee of the relevant trustor shall be liable to pay comprehensive real estate holding tax, etc. of the trustor by means of the trust housing:
| 2. | Expenses for compulsory collection incurred while executing compulsory correction on the amounts referred to in subparagraph 1. |
[This Article Newly Inserted on Dec. 29, 2020]
| (1) | The tax base for comprehensive real estate holding tax on housing shall be determined by multiplying the fair market value ratio prescribed by Presidential Decree within the range from 60/100 to 100/100, in consideration of the real estate market situation, financial conditions, etc. by the amount which remain after deducting the following amounts from the aggregate amount of publicly notified prices of housing held by each taxpayer: Provided, That if the amount is less than zero, it shall be deemed zero. <Amended on Dec. 31, 2022; Apr. 18, 2023> |
| 1. | One homeowner in one household prescribed by Presidential Decree (hereinafter referred to as “one homeowner in one household”): 1.2 billion won; |
| 2. | A corporation subject to the tax rated falling under the items of Article 9 (2) 3 or an organization deemed a corporation: 0 won; |
| 3. | Any person that does not fall under subparagraphs 1 and 2: 0.9 billion won. |
| (2) | Any of the following housing shall be deemed excluded in the scope of housing subject to aggregation of tax base under paragraph (1): <Newly Inserted on Dec. 31, 2005; Dec. 26, 2008; Act No. 10789, Jun. 7, 2011; Act No. 13499, Aug. 28, 2015; Jun. 9, 2020> |
| 1. | Private rental housing under the Special Act on Private Rental Housing, public rental housing under the Special Act on Public Housing, or multi-unit rental housing specified by Presidential Decree, which is prescribed by Presidential Decree in consideration of the rental period, number of housing units, price, scale and other factors; |
| 2. | Housing, other than housing provided for in subparagraph 1, prescribed by Presidential Decree which does not meet the purposes of imposing comprehensive real estate holding tax, such as a dormitory and employee housing for providing employees with a residence, unsold housing units which are constructed and owned by a housing construction business operator, housing for home-based nurseries, a single housing, etc. located in areas, other than the Seoul Metropolitan Area as defined in subparagraph 1 of Article 2 of the Seoul Metropolitan Area Readjustment Planning Act. In such cases, this shall be limited to housing, for which tax liabilities accrue during the period from January 1, 2009 to December 31, 2011 if such housing is a single housing located in an area, other than the Seoul Metropolitan Area. |
| (3) | A taxpayer who owns any housing under paragraph (2) shall report his/her holding status of the relevant housing to the head of the district tax office having jurisdiction over the place of tax paid (hereinafter referred to as "head of the competent district tax office") from September 16th and September 30th of the relevant year, as prescribed by President Decree. <Newly Inserted on Jan. 11, 2007; Jun. 9, 2020> |
| (4) | For the purpose of paragraph (1), where a taxpayer falls under any of the following cases, he or she shall be deemed to be one homeowner in one household: <Amended on Sep. 15, 2022> |
| 1. | Where the taxpayer owns a single house (excluding where a taxpayer owns appurtenant land to housing only) and appurtenant land to another house (referring to appurtenant land where the owners of a housing building and appurtenant land thereto are different persons); |
| 2. | Where one homeowner in one household temporarily holds two houses as he or she purchases a substitute housing before transfer, which is prescribed by Presidential Decree; |
| 3. | Where the taxpayer owns a single house and one house prescribed by Presidential Decree as an inherited house (hereinafter referred to as an “inherited house”); |
| 4. | Where the taxpayer owns a single house and a low-priced house located in a local area prescribed by Presidential Decree (hereinafter referred to as a “low-priced house in a local area”) in consideration of the location and value of the house. |
| (5) | A taxpayer who intends to be governed by paragraph (4) 2 through 4 shall make a request to the head of the competent tax office from September 16th and September 30th of the relevant year, as prescribed by Presidential Decree. <Newly Inserted on Sep. 15, 2022> |
[Amended by Act No. 9273 promulgated on December 26, 2008 following the decision of inconsistency with the Constitution by the Constitutional Court]
| Article 9 (Tax Rates and Amounts of Tax) |
| (1) | The amount of comprehensive real estate holding tax on housing shall be the amount calculated by multiplying the tax base by the following applicable tax rate (hereinafter referred to as "amount of comprehensive real estate holding tax on housing") based on the number of houses owned by a taxpayer as follows: <Amended on Dec. 31, 2018, Aug. 18, 2020; Dec. 31, 2022> |
| 1. | Where a taxpayer owns less than two houses |
| Tax Bases | Tax Rates | | Up to 300 million won | 5/1,000 | | From 300 million won to not exceeding 600 million won | 1.5 million won + (7/1,000 of amount exceeding 300 million won) | | From 600 million won to not exceeding 1.2 billion won | 3.6 million won + (10/1,000 of amount exceeding 600 million won) | | From 1.2 billion won to not exceeding 2.5 billion won | 9.6 million won + (13/1,000 of amount exceeding 2.5 billion won) | | From 2.5 billion won to not exceeding 5 billion won | 26.5 million won + (15/1,000 of amount exceeding 2.55 billion won) | | From 5 billion won to not exceeding 9.4 billion won | 64.5 million won + (20/1,000 of amount exceeding 5 billion won) | | Over 9.4 billion won | 152 million won + (27/1,000 of amount exceeding 9.4 billion won) |
|
| 2. | Where a taxpayer owns more than three houses |
| Tax Bases | Tax Rates | | Up to 300 million won | 5/1,000 | | From 300 million won to not exceeding 600 million won | 1.5 million won + (7/1,000 of amount exceeding 300 million won) | | From 600 million won to not exceeding 1.2 billion won | 3.6 million won + (10/1,000 of amount exceeding 600 million won) | | From 1.2 billion won to not exceeding 2.5 billion won | 9.6 million won + (20/1,000 of amount exceeding 2.5 billion won) | | From 2.5 billion won to not exceeding 5 billion won | 35.6 million won + (30/1,000 of amount exceeding 2.55 billion won) | | From 5 billion won to not exceeding 9.4 billion won | 110.6 million won + (40/1,000 of amount exceeding 5 billion won) | | Over 9.4 billion won | 286.6 million won + (50/1,000 of amount exceeding 9.4 billion won) |
|
| (2) | Where a taxpayer is a corporation or an organization deemed a corporation, notwithstanding paragraph (1), the amount of comprehensive real estate holding tax on housing shall be the amount calculated by multiplying the tax base by the following applicable tax rate: <Newly Inserted on Aug. 18, 2020; Dec. 29, 2020; Dec. 31, 2022; Apr. 18, 2023> |
| 1. | In cases where a public service corporation, etc. defined in Article 16 of the Inheritance Tax and Gift Tax Act (hereafter in this Article, referred to as a “public service corporation, etc.”) owns only houses directly used for its public service projects and cases prescribed by Presidential Decree in consideration of the characteristics of the projects, such as public housing project operators, etc. under Article 4 of the Special Act on Public Housing: The tax rates falling under paragraph (1) 1; |
| 2. | A public service corporation, etc. that does not fall under subparagraph 1: The tax rates falling under the subparagraph of paragraph (1); |
| 3. | Cases other than subparagraphs 1 and 2: The following tax rates: |
| (a) | In cases of owning not more than two houses: 27/1,000; |
| (b) | in cases of owning more than three houses: 50/1,000. |
| (3) | In calculating the tax base on housing, the amount of property taxes levied on the relevant taxable housing (where a tax rate increased or decreased under Article 111 (3) of the Local Tax Act is applied, referring to the amount of tax to which such tax rate applies; and where ceilings of tax burden apply under Article 122 of the same Act, referring to the amount of tax to which such upper ceilings apply) shall be deducted from the amount of comprehensive real estate holding tax on the housing. <Newly Inserted on Dec. 31, 2005; Dec. 26, 2008; Mar. 31, 2010> |
| (4) | In calculating the amount of comprehensive real estate holding tax on housing, matters necessary concerning the calculation of the number of houses and tax credits, etc. for the property tax on housing shall be prescribed by Presidential Decree. <Newly Inserted by Act No. 7836, Dec. 31, 2005; Dec. 31, 2018; Jun. 9, 2020> |
| (5) | When a taxpayer of comprehensive real estate holding tax on housing is one homeowner in one household, the amount of such comprehensive real estate holding tax on housing shall be the amount which remains after deducting tax credits granted to one homeowner in one household under paragraphs (6) through (9) from the amount of tax calculated under paragraphs (1), (3), and (4). In such cases, paragraphs (6) through (9) may apply concurrently, within the scope of 80/100 of the total deduction rates. <Newly Inserted on Dec. 26, 2008> |
| (6) | A tax credit for one homeowner in one household who is above the age of 60 as at the date of taxation shall be determined by multiplying the amount of tax calculated under paragraphs (1), (3), and (4) by the following deduction rate under each age category: <Newly Inserted on Dec. 26, 2008; May 27, 2009; Aug. 18, 2020; Sep. 15, 2022> |
| Age | Deduction Rates | | Over 60 and less than 65 | 20/100 | | Over 65 and less than 70 | 30/100 | | Over 70 | 40/100 |
|
| (7) | Where a person above the age of 60 who is one homeowner in one household falls under any subparagraph of Article 8 (4) as at the date of taxation, notwithstanding paragraph (6), the tax credit for one homeowner in one household shall be determined by multiplying the amount calculated by subtracting the following calculated tax (referring to the amount calculated in proportion to the aggregate of publicly notified prices) from the amount of tax calculated under paragraphs (1), (3), and (4) by the deduction rate under each age category based on the table under paragraph (6) under each age category: <Amended on Sep. 15, 2022> |
| 1. | In cases falling under Article 8 (4) 1: The calculated tax for the appurtenant land of a house (where owners for a house and an appurtenant land thereto are different persons, referring to the appurtenant land); |
| 2. | In cases falling under Article 8 (4) 2: The calculated tax for the substitute housing before transferring one house; |
| 3. | In cases falling under Article 8 (4) 3: The calculated tax for the inherited house; |
| 4. | In cases falling under Article 8 (4) 4: The calculated tax for the low-priced house in a local area. |
| (8) | A tax credit for a person who has held the relevant housing as one homeowner in one household for at least five years as at the date of taxation shall be determined by multiplying the amount of tax calculated under paragraphs (1), (3), and (4) by the following deduction rate depending on the period of holding: <Newly Inserted on Sep. 15, 2022> |
| Holding Periods | Deduction Rates | | More than 5 years but less than 10 years | 20/100 | | More than 10 years but less than 15 years | 40/100 | | More than 15 years | 50/100 |
|
| (9) | Where a person who has held the relevant house as one homeowner in one household for at least five years as at the date of taxation falls under any of the subparagraphs of Article 8 (4), notwithstanding paragraph (8), the tax credit for one homeowner in one household shall be determined by multiplying the amount by subtracting the calculated tax falling under the subparagraphs of paragraph (7) (referring to the amount calculated in proportion to the aggregate of the publicly notified prices) from the amount of tax calculated under paragraphs (1), (3), and (4) by the deducting rate depending on the period of holding specified in the table under paragraph (8). <Newly Inserted on Sep. 15, 2022> |
[Amended by Act No. 9273 promulgated on December 26, 2008 following the decision of inconsistency with the Constitution by the Constitutional Court]
| Article 10 (Upper Limits on Tax Burden) |
Where the amount of taxes calculated in accordance with Presidential Decree, which is the aggregate of the amount equivalent to the property tax on housing (in cases of trust housing, referring to the amount equivalent to the property tax on housing to be paid by the taxpayer subject to the property tax) and the amount equivalent to comprehensive real estate holding tax on housing (hereafter in this Article, referring to as “amount equivalent to total tax on housing”) the taxpayer subject to comprehensive real estate holding tax is obliged to pay for the relevant year exceeds 150/100 of the amount equivalent to total tax on housing of the immediately preceding year computed in accordance with Presidential Decree, notwithstanding Article 9, the excess shall be deemed to be non-existent: Provided, That the same shall not apply where a taxpayer is a corporation or an organization deemed a corporation and the tax rates falling under the items of Article 9 (2) 3 apply: <Amended on Dec. 31, 2005; Dec. 26, 2008; Dec. 31, 2018; Aug. 18, 2020; Dec. 29, 2020; Dec. 31, 2022; Apr. 18, 2023> | 1. | Deleted; <Dec. 31, 2022> |
| 2. | Deleted; <Dec. 31, 2022> |
| (a) | Deleted; <Aug. 18, 2020> |
| (b) | Deleted. <Aug. 18, 2020> |
| Article 10-2 (Special Cases concerning Tax Liability of Single-house Owners under Joint Names) |
| (1) | Notwithstanding Article 7 (1), where one of household members owns one house jointly with his or her spouse as at the date of taxation and the relevant household member and other household members do not hold any other house (excluding housing prescribed by Presidential Decree among housing falling under any of the subparagraphs of Article 8 (2)), which are prescribed by Presidential Decree, a person prescribed by Presidential Decree from among the person holding one house jointly with his or her spouse and his or her spouse (hereinafter referred to as a “single-house owners under joint names”) may be a taxpayer on the relevant house. |
| (2) | A taxpayer who intends to be governed by paragraph (1) shall make a request to the head of the competent district tax office from September 16th and September 30th of the relevant year, as prescribed by Presidential Decree. |
| (3) | In applying paragraph (1), the tax base under Article 8 and the tax rate and the amount of tax under Article (9) shall be calculated for single-house owners under joint names as if the single-house owners under joint names were deemed one homeowner in one household. |
| (4) | In applying paragraphs (1) through (3), the calculation of tax base on the relevant house, tax rate and the amount of tax, methods for calculating upper limits on tax burden, imposition procedures and other necessary matters shall be prescribed by Presidential Decree. |
[This Article Newly Inserted on Dec. 29, 2020]
CHAPTER III TAXATION ON LAND
| Article 11 (Methods of Taxation) |
Comprehensive real estate holding tax on land located in Korea shall be imposed by classifying it into land subject to general aggregate taxation under Article 106 (1) 1 of the Local Tax Act (hereinafter referred to as "land subject to general aggregate taxation") and land subject to special aggregate taxation under Article 106 (1) 2 of the same Act (hereinafter referred to as "land subject to special aggregate taxation"). <Amended on Mar. 31, 2010>
| (1) | A taxpayer subject to property tax on land as of the date of taxation who falls under any of the following subparagraphs is liable to pay comprehensive real estate holding tax on the relevant land: <Amended on Dec. 31, 2005; Dec. 26, 2008> |
| 1. | Where the land is subject to general aggregate taxation, a person for whom the aggregate of publicly notified prices for the relevant taxable land which is domestically located exceeds 500 million won; |
| 2. | Where the land is subject to special aggregate taxation, a person for whom the aggregate of publicly notified prices for the relevant taxable land which is domestically located exceeds 8 billion won. |
| (2) | In cases of land recorded or registered as trust property under the name of a trustee (hereinafter referred to as “trust land), notwithstanding paragraph (1), the relevant trustor shall be liable to pay comprehensive real estate holding tax. In such cases, the trustor shall be deemed to hold such trust land. <Newly Inserted on Dec. 29, 2020> |
<Amended by Act No. 9273 promulgated on December 26, 2008 following the decision of unconstitutionality with the Constitution by the Constitutional Court>
| Article 12-2 (Trustee’s Liability for Tax Payment in Kind concerning Trust Land) |
Where a trustor of trust land fails to pay comprehensive real estate holding tax, etc. falling under any of the following subparagraphs and proceeds from the disposition of other property of the trustor fall short of the amount to be collected, the trustee of the relevant trustor shall be liable to pay comprehensive real estate holding tax, etc. of the trustor by means of the trust land:
| 2. | Expenses for compulsory collection incurred while executing compulsory correction on the amounts referred to in subparagraph 1. |
[This Article Newly Inserted on Dec. 29, 2020]
| (1) | The tax base for comprehensive real estate holding tax on land subject to general aggregate taxation shall be determined by multiplying the amount which remains after deducting 500 million won from the aggregate amount of publicly notified prices of relevant taxable lands by taxpayer by the fair market value ratio prescribed by Presidential Decree within a range from 60/100 to 100/100, in consideration of real estate market conditions, financial situations, etc. <Amended on Dec. 26, 2008> |
| (2) | The tax base for comprehensive real estate holding tax on land subject to special aggregate taxation shall be determined by multiplying the amount which remains after deducting 8 billion won from the aggregate amount of public notified prices of relevant taxable lands by taxpayer by the fair market value ratio prescribed by Presidential Decree within a range from 60/100 to 100/100, in consideration of real estate market conditions, financial situations, etc. <Amended on Dec. 26, 2008> |
| (3) | Where the amount in paragraph (1) or (2) is less than zero, such amount shall be deemed zero. |
| Article 14 (Tax Rates and Amounts of Tax) |
| (1) | The amount of comprehensive real estate tax on land subject to general aggregate taxation shall be the amount calculated by applying the following tax rates to the tax base (hereinafter referred to as “amount of general aggregate taxation on land”): <Amended on Dec. 31, 2018> |
| Tax Bases | Tax Rates | | Up to 1.5 billion won | 10/1,000 | | From 1.5 billion won to not exceeding 4.5 billion won | 15 million won + (20/1,000 of amount exceeding 1.5 billion won) | | Over 4.5 billion won | 75 million won + (30/1,000 of amount exceeding 4.5 billion won) |
|
| (2) | Deleted. <Dec. 26, 2008> |
| (3) | The amount of property tax imposed on the relevant taxable land (where a tax rate increased or decreased under Article 111 (3) of the Local Tax Act is applied, referring to the amount of tax to which such tax rate applies; and where ceilings of tax burden apply under Article 122 of the same Act, referring to the amount of tax to which such ceilings apply) with regard to the tax base for land subject to general aggregate taxation shall be deducted from the amount of general aggregate tax on land. <Newly Inserted on Dec. 31, 2005; Dec. 26, 2008; Mar. 31, 2010> |
| (4) | The amount of comprehensive real estate holding tax on land subject to special aggregate taxation shall be an amount (hereinafter referred to as "amount of special aggregate tax on land") calculated by applying the following tax rates to the tax base: <Amended on Dec. 26, 2008> |
| Tax Bases | Tax Rates | | Up to 20 billion won | 5/1,000 | | From 20 billion won to not exceeding 40 billion won | 100 million won + (6/1,000 of amount exceeding 20 billion won) | | Over 40 billion won | 220 million won + (7/1,000 of amount exceeding 4.5 billion won) |
|
| (5) | Deleted. <Dec. 26, 2008> |
| (6) | In calculating the tax base for land subject to special aggregate taxation, the amount of property tax imposed on the relevant taxable land (where a tax rate increased or decreased under Article 111 (3) of the Local Tax Act is applied, referring to the amount of tax to which such tax rate applies; and where ceilings of tax burden apply under Article 122 of the same Act, referring to the amount of tax to which such ceilings apply) shall be deducted from the amount of special aggregate tax on land. <Newly Inserted on Dec. 31, 2005; Dec. 26, 2008; Mar. 31, 2010> |
| (7) | Matters necessary regarding tax credits, etc. for property tax on land in calculating the amount of comprehensive real estate holding tax on land shall be prescribed by Presidential Decree. <Newly Inserted on Dec. 31, 2005; Jun. 9, 2020> |
| Article 15 (Upper Limits on Tax Burden) |
| (1) | Where the amount of taxes calculated in accordance with Presidential Decree, which is the aggregate of the amount equivalent to the property tax (in cases of trust land, referring to the amount equivalent to the property tax that is obliged to pay in relation to land subject to general aggregate taxation by a taxpayer) and the amount equivalent to general aggregate taxation on land (hereafter in this Article, referred to as the “amount of total tax on land subject to general aggregate taxation”) a taxpayer subject to comprehensive real estate holding tax is obliged to pay in relation to land subject to general aggregate taxation for the relevant year exceeds 150/100 of the amount of tax calculated as prescribed by Presidential Decree, which is the amount equivalent to total taxon land subject to general aggregate taxation imposed to the relevant taxpayer in the immediately preceding year, notwithstanding Article 14 (1), the excess shall be deemed non-existent. <Amended on Dec. 31, 2005; Dec. 26, 2008; Dec. 29, 2020> |
| (2) | Where the amount of taxes calculated in accordance with Presidential Decree, which is the aggregate of the amount equivalent to the property tax (in cases of trust land, referring to the amount equivalent to the property tax that is obliged to pay in relation to land subject to special aggregate taxation by a taxpayer) and the amount equivalent to special aggregate taxation on land (hereafter in this Article, referred to as the “amount of total tax on land subject to special aggregate taxation”) a taxpayer subject to comprehensive real estate holding tax is obliged to pay in relation to land subject to special aggregate taxation for the relevant year exceeds 150/100 of the amount of tax calculated as prescribed by Presidential Decree, which is the amount equivalent to total taxation on land subject to general aggregate taxation imposed to the relevant taxpayer in the immediately preceding year, special Article 14 (1), the excess shall be deemed non-existent. <Amended on Dec. 31, 2005; Dec. 26, 2008; Dec. 29, 2020> |
CHAPTER IV IMPOSITION, COLLECTION, ETC.
| Article 16 (Imposition and Collection) |
| (1) | The head of the competent tax office shall determine the due amount of comprehensive real estate holding tax, impose and collect the taxes during the period of December 1st through December 15th of the relevant year (hereinafter referred to as "payment period"). <Amended on Jun. 9, 2020> |
| (2) | Where the head of the competent tax office intends to collect comprehensive real estate holding taxes, he/she shall indicate the tax base and the amount of tax on the notice of tax payment by distinguishing between housing and land, and issue such notice five days prior to the commencement of the payment period. <Amended on Dec. 29, 2020> |
| (3) | Notwithstanding paragraphs (1) and (2), a taxpayer who intends to pay comprehensive real estate holding tax on a self-assessment basis shall file a return on the tax base of comprehensive real estate holding tax and the amount of tax to the head of the competent tax office by the period of December 1 through December 15 of the relevant year, as prescribed by Presidential Decree. In such cases, decisions made under paragraph (1) shall be deemed non-existent. <Amended on Jun. 9, 2020> |
| (4) | A taxpayer who files a tax return under paragraph (3) shall pay comprehensive real estate holding tax to the head of the competent tax office, the Bank of Korea or postal service office within a payment deadline in accordance with Presidential Decree. <Amended on Jun. 9, 2020> |
| (5) | Necessary matters concerning imposition procedures and collection of comprehensive real estate holding tax under paragraphs (1) and (2) shall be determined by Presidential Decree. |
[This Article Wholly Amended on Jan. 11, 2007]
| Article 16-2 (Special Cases on Payment concerning Liability for Tax Payment in Kind) |
| (1) | The head of the competent tax office who has jurisdiction on a trustor liable to pay comprehensive real estate holding tax pursuant to Article 7 (2) or 12 (2) intends to collect comprehensive real estate holding tax, etc. subject to the trustor from a trustee pursuant to Article 7-2 or 12-2, he or she shall issue the notice of tax payment by indicating the following matters; in such cases, he or she shall notify such fact to the head of the competent tax office having jurisdiction over the address or domicile of the trustee and the trustor: |
| 1. | The period of taxation, the amount of tax and grounds for the calculation thereof; |
| 2. | Payment deadline and place of payment; |
| 3. | Other matters necessary for the collection of comprehensive real estate holding tax, etc. |
| (2) | Even though the trustor, who is a taxpayer, waives or transfers his or her right to receive benefits of trust or transfers trust property after payment notice is issued pursuant to paragraph (1), such waiver or transfer shall not affect the liability for tax payment for the part notified pursuant to paragraph (1). |
| (3) | Where a trustee of trust property is changed, a new trustee shall succeed the tax liability notified to his or her predecessor pursuant to paragraph (1). |
| (4) | The head of the competent tax office having jurisdiction over a trustor, who is a taxpayer pursuant to paragraph (1), may collect comprehensive real estate holding tax, etc. of the trustor from the current trustee of the relevant trust property pursuant to Articles 7-2 and 12-2 based on the creation date of trust on the first trustee. |
| (6) | In addition to the matters prescribed in paragraphs (1) through (5), matters necessary to impose tax liability for payment in kind shall be prescribed by Presidential Decree. |
[This Article Newly Inserted on Dec. 29, 2020]
| Article 17 (Determination and Reassessment) |
| (1) | Where it is necessary to newly impose comprehensive real estate holding tax due to an omission in taxable subject matter, violation of law, errors, etc. or to reassess taxes already imposed, the head of the competent tax office or the commissioner of the competent regional tax office (hereinafter referred to as "the head of the competent regional tax office") may re-impose or re-collect taxes. <Amended on Jan. 11, 2007> |
| (2) | Where any omission or error exists in a tax return filed by a person under Article 16 (3), the head of the competent tax office or the commissioner of the competent regional tax office shall reassess the tax base and the amount of tax for the current year. <Amended on Jan. 11, 2007> |
| (3) | Where any omission or error is found in the determined or reassessed tax base and amount of tax after such determination and reassessment are made, the head of the competent tax office or the commissioner of the competent regional tax office shall reassess the same. <Amended on Dec. 26, 2008> |
| (4) | Where grounds for reassessment under paragraphs (2) and (3) fall under grounds for changing the amount of tax of property tax or for occasional assessment under Article 115 (2) of the Local Tax Act, the head of the competent tax office or the commissioner of the competent regional tax office shall reassess the tax base and amount of tax of comprehensive real estate holding tax, as prescribed by Presidential Decree. <Amended on Dec. 26, 2008; Mar. 31, 2010> |
| (5) | In any of the following cases, the head of the competent tax office or the commissioner of the competent regional tax office shall additionally collect the amount of tax reduced or exempted and the additional amount equivalent to interest thereon, as prescribed by Presidential Decree. <Newly Inserted on Dec. 26, 2008; Jun. 7, 2011; Sep. 15, 2022> |
| 1. | Where rental housing referred to in Article 8 (2) 1 or housing for home-based nursery referred to in subparagraph 2 of that paragraph, which are excluded from the category of housing subject to aggregation of tax base under Article 8 (2) falls short of such requirements afterwards; |
| 2. | Where a taxpayer who is deemed one homeowner in one household pursuant to Article 8 (4) 2 fails to comply with such requirements afterwards. |
| Article 18 Deleted. <Jan. 11, 2007> |
| Article 19 Deleted. <Mar. 2, 2016> |
| Article 20 (Payment in Installment) |
Where the amount of comprehensive real estate holding tax exceeds 2.5 million won, the head of the competent district tax office may allow a taxpayer to pay, in part, his/her due taxes in installment within six months from the date on which the payment deadline expires, as prescribed by Presidential Decree. <Amended on Dec. 26, 2008; Dec. 31, 2018; Jun. 9, 2020>
| Article 20-2 (Deferment of Payment) |
| (1) | Where a taxpayer who meets all the following requirements files an application for deferring comprehensive real estate holding tax on housing by three days before the expiration of payment deadline, the head of the competent tax office may permit the deferment of payment; in such cases, the taxpayer filing an application for deferring payment shall provide security equivalent to the amount of comprehensive real estate holding tax on housing to be deferred: |
| 1. | Where he or she shall be one homeowner in one household as at the time of taxation; |
| 2. | Where he or she shall be the age over 60 or has held the relevant house over five years as at the time of taxation; |
| 3. | Where he or she shall meet any of the following income standards: |
| (a) | The total amount of salaries of the preceding taxable period shall be not more than 70 million won (limited to those who have wage and salary income only or has wage and salary income and global income that is not added to tax base of global income); |
| (b) | The amount of global income that is added to tax base of global income of the preceding taxable period is not more than 60 million won (limited to those whose total amount of salaries of the preceding taxable period does not exceed 70 million won); |
| 4. | Where the amount of comprehensive real estate holding tax on housing of the relevant year shall exceed one million won. |
| (2) | Upon receipt of the application under paragraph (1), the head of the competent tax office shall notify a taxpayer of whether to permit the deferment of payment by the expiration of payment deadline, as prescribed by Presidential Decree. |
| (3) | Where a taxpayer whose payment of comprehensive real estate holding tax on housing is deferred pursuant to paragraph (1) falls under any of the following cases, the head of the competent tax office shall revoke the permission thereof: |
| 1. | Where the taxpayer transfers or gives the relevant housing to another person; |
| 2. | Where inheritance commences due to the death; |
| 3. | Where the taxpayer fails to meet the requirement under paragraph (1) 1; |
| 4. | Where the taxpayer fails to comply with the order of the head of the competent tax office, which is necessary for the change of security or the preservation of security; |
| 6. | Where the taxpayer pays the amount of tax deferred. |
| (4) | Where the permit to defer the payment is revoked pursuant to paragraph (3), the head of the competent tax office shall promptly notify the fact to the taxpayer (where the taxpayer deceased, referring to his or her heir or a trustee of his or her inheritance; hereafter in this Article, the same shall apply). |
| (5) | Where the head of the competent tax office revokes the permit to defer payment of comprehensive real estate holding tax on housing pursuant to paragraph (3), he or she shall collect the amount of tax whose payment is deferred and the additional amount equivalent to interest thereon from the relevant taxpayer, as prescribed by Presidential Decree: Provided, That a heir or a trustee of inheritance shall have a liability to pay the amount of tax whose payment is deferred and the additional amount equivalent to interest thereon to the extent his or her inheritance. |
| (6) | The head of the competent tax office shall not impose additional taxes for deferred payment under Article 47-4 of the Framework Act on National Taxes during the period from the date on which the payment deadline has passed for the year where the deferment of payment is permitted pursuant to paragraph (1) to the date when the amount of tax to be collected pursuant to paragraph (5) is notified. |
| (7) | In addition to the matters prescribed in paragraphs (1) through (6), matters concerning the procedures, etc. necessary for the deferment of payment shall be prescribed by Presidential Decree. |
[This Article Newly Inserted on Dec. 15, 2022]
CHAPTER V SUPPLEMENTARY PROVISIONS
| Article 21 (Provision of Taxation Data) |
| (1) | Among property taxation data for the relevant year under the Local Tax Act, the head of a Si/Gun shall submit the property taxation data on housing by July 31, and the property taxation data on land by September 30 to the Minister of of the Interior and Safety: Provided, That where grounds for changing the amount of property tax or occasional assessment under Article 115 (2) of the Local Tax Act arise, the head of a Si/Gun shall semi-annually submit such taxation data to the Minister of the Interior and Safety within ten days from the date each half-year term ends. <Amended on Feb. 29, 2008; Dec. 26, 2008; Mar. 31, 2010; Mar. 23, 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017> |
| (2) | The Minister of the Interior and Safety shall conduct audit for taxpayers subject to comprehensive real estate holding tax on housing prescribed in Article 7, calculate the tax base and the amount of tax by taxpayer, and notify the Commissioner of National Tax Service of the results thereof by August 31 of each year, as prescribed by Presidential Decree. <Amended on Feb. 29, 2008; 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017; Jun. 9, 2020> |
| (3) | The Minister of the Interior and Safety shall conduct audit for taxpayers subject to comprehensive real estate holding tax on land under Article 12, calculate the tax base and the amount of tax by liable taxpayer, and notify the Commissioner of National Tax Service of the results thereof by October 15 of each year, as prescribed by Presidential Decree. <Amended on Feb. 29, 2008; Mar. 23, 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017; Jun. 9, 2020> |
| (4) | Where grounds for changing the amount of property tax or occasional assessment under Article 115 (2) of the Local Tax Act arise, the Minister of the Interior and Safety shall re-calculate the tax base and amount of tax for property tax and comprehensive real estate holding tax on housing or land subject to property tax by taxpayer liable to property tax, and notify the Commissioner of the National Tax Service of the results thereof by the end of two months after the month in which the relevant quarter ends, as prescribed by Presidential Decree. <Amended on Dec. 31, 2005; Feb. 29, 2008; Dec. 26, 2008; Mar. 31, 2010; Mar. 23, 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017> |
| (5) | The Minister of the Interior and Safety shall notify the Commissioner of National Tax Service of taxation data on property tax submitted by the head of each Si/Gun under paragraph (1) within ten days from the date specified in paragraph (1). <Newly Inserted on Dec. 31, 2005; Feb. 29, 2016; Mar. 23, 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017; Jun. 9, 2020> |
| (6) | Where necessary for identifying, etc. members of household of a taxpayer liable to comprehensive real estate holding tax, the Minister of the Interior and Safety or the Commissioner of National Tax Service may request the head of related institutions to submit the electronic data on family relationship registration, and the head of related institutions in receipt of a request to submit such data shall comply therewith unless any justifiable ground exists. <Newly Inserted on Jan. 11, 2007; May 17, 2007; Feb. 29, 2008; Mar. 23, 2013; Jan. 1, 2014; Nov. 19, 2014; Jul. 26, 2017; Jun. 9, 2020> |
| Article 22 (Obligation of Cooperation of Heads of Si/Gun) |
| (1) | The head of the competent district tax office or the commissioner of the competent regional tax office may request opinions from the heads of Sis/Guns with jurisdiction over taxable subject matters in connection with taxation of comprehensive real estate holding tax, as prescribed by Presidential Decree. <Amended on Jun. 9, 2020> |
| (2) | The heads of Sis/Guns who received inquiries to submit opinions under paragraph (1) shall reply to the head of the competent district tax office or the commissioner of the competent regional tax office within 20 days from the receipt of such inquiries of opinions, as prescribed by President Decree. <Amended on Jun. 9, 2020> |
| Article 23 (Questions and Examination) |
Any public official engaged in activities related with comprehensive real estate holding tax may, where necessary to conduct his/her official activities, ask questions to a person falling under any of the following subparagraphs, examine book records, documents, and other articles, or order such person to submit such book records, documents and other articles; in such cases, he or she shall not abuse his or her authority for any other purpose, etc. beyond the scope necessary to perform his or her duties: <Amended on Dec. 31, 2018; Jun. 9, 2020>
| 1. | A taxpayer or a person who is deemed to have tax liabilities; |
| 3. | A person who is deemed to have transactional relations with persons prescribed in subparagraph 1. |
| Article 24 (Perusal, etc. of Sales, Registry and Registration Relation Documents) |
Where the head of the competent district tax office, the commissioner of the competent regional tax office or any tax official to whom authority is delegated makes a request for perusal or copies in relation to sales, registry, registration, and other status of taxable subject matters, such as housing, land, etc. for the purposes of imposing comprehensive real estate holding tax and collecting thereof, the related institutions shall comply with such request. <Amended on Jun. 9, 2020>
| Article 25 Deleted. <Dec. 31, 2007> |
ADDENDA <Act No. 7328, Jan. 5, 2005>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall apply to comprehensive real estate holding taxes for which first tax liabilities are established after this Act enters into force.
Article 3 Deleted. <by Act No. 8235, Jan. 11, 2007>
Article 4 Omitted.
ADDENDA <Act No. 7836, Dec. 31, 2005>
| (1) | (Enforcement Date) This Act shall enter into force on the date of its promulgation. |
| (2) | (General Applicability) This Act shall apply beginning from the first case for which tax liabilities are established after this Act enters into force. |
ADDENDA <Act No. 8235, Jan. 11, 2007>
| (1) | (Enforcement Date) This Act shall enter into force on January 1, 2008. |
| (2) | (General Applicability) This Act shall apply beginning from the first case for which tax liabilities are established after this Act enters into force. |
ADDENDA <Act No. 8435, May 17, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2008. (Proviso Omitted.)
Articles 2 through 9 Omitted.
ADDENDA <Act No. 8830, Dec. 31, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2008. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Act No. 8852, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA <Act No. 9273, Dec. 26, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall apply beginning from the first case for which tax liabilities are established after this Act enters into force.
Article 3 (Special Applicability to Application Rate of Tax Base)
| (1) | The amount of comprehensive real estate holding tax on housing for which tax liability is established in the year to which the promulgation date of this Act belongs shall be determined by multiplying the tax base under the provisions of previous Article 8 by an application rate of 80/100 and a tax rate under the provisions of previous Article 9 (1). |
| (2) | The amount of comprehensive real estate holding taxes on land subject to general aggregate taxation for which tax liability is established in the year to which the promulgation date of this Act belongs shall be determined by multiplying the tax base under the provisions of previous Article 13(1) by an application rate of 80/100 and a tax rate under the provisions of previous Article of 14 (1). |
Article 4 (Applicability to Tax Credit for Single House Owner)
The amended provisions of Article 9 (5), (6) and (7) shall apply beginning from first case for which tax liability is established in the year to which the promulgation date of this Act belongs. Article 5 (Applicability to Upper Limits on Tax Burden)
The amended provisions of Articles 10 and 15 shall apply beginning from first case for which tax liability is established in the year to which the promulgation date of this Act belongs. Article 6 (Applicability to Tax Payment in Installment)
The amended provisions of Article 20 shall apply beginning from the first tax returns, determination of taxation and reassessment performed with regard to comprehensive real estate holding tax after this Act enters into force. Article 7 (Applicability to Provision of Taxation Documents)
The amended provisions of Article 21 shall apply beginning from the first taxation documents provided after this Act enters into force. Article 8 (Applicability to Tax Rate and Amount of Tax)
<This Article Newly Inserted by Act No. 9555, Apr. 1, 2009>
ADDENDUM <Act No. 9555, Apr. 1, 2009>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 9710, May 27, 2009>
| (1) | (Enforcement Date) This Act shall enter into force on the date of its promulgation. |
| (2) | (General Applicability) This Act shall apply beginning with first case for which tax liability is established in the year to which the promulgation date of this Act belongs. |
ADDENDA <Act No. 10220, Mar. 31, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2011.
Articles 2 through 5 Omitted.
ADDENDA <Act No. 10221, Mar. 31, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2011.
Articles 2 through 8 Omitted.
ADDENDA <Act No. 10789, Jun. 7, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Act No. 11690, Mar. 23, 2013>
Article 1 (Enforcement Date)
| (1) | This Act shall enter into force on the date of its promulgation. |
Articles 2 through 7 Omitted.
ADDENDA <Act No. 12153, Jan. 1, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2014. (Proviso Omitted.)
Articles 2 through 19 Omitted.
ADDENDA <Act No. 12844, Nov. 19, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation: Provided, That amendments to Acts that were already promulgated before this Act enters into force, but not yet have entered into force among Acts amended pursuant to Article 6 of the Addenda shall enter into force on the date the respective Act enters into force. Articles 2 through 7 Omitted.
ADDENDA <Act No. 13499, Aug. 28, 2015>
Article 1 (Enforcement Date)
This Act shall enter into force four months after the date of its promulgation.
Articles 2 through 16 Omitted.
ADDENDA <Act No. 13796, Jan. 19, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force on September 1, 2016.
Articles 2 through 4 Omitted.
ADDENDA <Act No. 14050, Mar. 2, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (Transitional Measures upon Discontinuance of In-kind Payment for Comprehensive Real Estate Holding Tax)
Notwithstanding the amendment to Article 19, the former provisions shall apply to the tax liability already incurred prior to the enforcement of this Act.
ADDENDA <Act No. 14839, Jul. 26, 2017>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation: Provided, That among the Acts amended pursuant to Article 5 of this Addenda, amended parts of the Acts which were promulgated before this Act enters into force but the enforcement dates of which have not arrived, shall enter into force on the enforcement date of the relevant Act, respectively. Articles 2 through 6 Omitted.
ADDENDA <Act No. 16109, Dec. 31, 2018>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2019.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established after this Act enters into force.
Article 3 (Applicability to Tax Payment in Installment)
The amended provisions of Article 20 shall apply beginning from the tax returns and determination of taxation with regard to comprehensive real estate holding tax after this Act enters into force.
ADDENDUM <Act No. 17339, Jun. 9, 2020>
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
ADDENDA <Act No. 17478, Aug. 18, 2020>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2021.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established after this Act enters into force.
ADDENDA <Act No. 17760, Dec. 29, 2020>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2021.
Article 2 (Applicability to Taxpayer of Trust Property)
The amended provisions of Article 7 (2), 7-2, the provisions, with exception of the subparagraphs, of Article 10, Article 12 (2), 12-2, 15 (1) and (2) and 16-2 shall apply beginning from the case for which tax liabilities are established after this Act enters into force. Article 3 (Applicability to Tax Rates Applied to Public Housing Project Operators)
The amended provisions of Article 9 (2) shall apply beginning from the case for which tax liabilities are established after this Act enters into force. Article 4 (Applicability to Tax Liability of Single-House Owner under Joint Names)
The amended provisions of Article 10-2 shall apply beginning from the application or report made after this Act enters into force.
ADDENDA <Act No. 18449, Sep. 14, 2021>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established in the year to which the date of its promulgation belongs.
ADDENDA <Act No. 18977, Sep. 15, 2022>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established in the year to which the date of its promulgation belongs.
ADDENDA <Act No. 19200, Dec. 31, 2022>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2023.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established after this Act enters into force.
ADDENDA <Act No. 19230, Mar. 14, 2023>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 16 Omitted.
ADDENDA <Act No. 19342, Apr. 18, 2023>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall apply beginning from the case for which tax liabilities are established in the year to which the date of its promulgation belongs.