EDUCATION TAX ACT
Wholly Amended by Act No. 4279, Dec. 31, 1990
Amended by Act No. 4669, Dec. 31, 1993
Act No. 4809, Dec. 22, 1994
Act No. 4796, Dec. 22, 1994
Act No. 5037, Dec. 29, 1995
Act No. 5584, Dec. 28, 1998
Act No. 5581, Dec. 28, 1998
Act No. 6032, Dec. 3, 1999
Act No. 6050, Dec. 28, 1999
Act No. 6296, Dec. 29, 2000
Act No. 6521, Dec. 15, 2001
Act No. 7011, Dec. 30, 2003
Act No. 7578, Jul. 13, 2005
Act No. 8137, Dec. 30, 2006
Act No. 8829, Dec. 31, 2007
Act No. 9262, Dec. 26, 2008
Act No. 10303, May 17, 2010
Act No. 10407, Dec. 27, 2010
Act No. 11122, Dec. 31, 2011
Act No. 12157, Jan. 1, 2014
Act No. 12420, Mar. 18, 2014
Act No. 12846, Dec. 23, 2014
Act No. 13620, Dec. 29, 2015
Act No. 14037, Mar. 2, 2016
Act No. 14380, Dec. 20, 2016
Act No. 15330, Dec. 30, 2017
Act No. 16008, Dec. 24, 2018
Act No. 16095, Dec. 31, 2018
Act No. 16839, Dec. 31, 2019
Act No. 17758, Dec. 29, 2020
Act No. 19187, Dec. 31, 2022
Act No. 19201, Dec. 31, 2022
Act No. 19925, Dec. 31, 2023
The purpose of this Act is to secure revenue sources required to increase education spending in order to improve the quality of education.
[This Article Wholly Amended on Dec. 27, 2010]
[This Article Wholly Amended on Dec. 27, 2010]
Any of the following persons shall be liable to pay education tax under this Act: <Amended on Jan. 1, 2014; Dec. 23, 2014>
| 1. | Any of the following persons listed in the attached Table among those who are engaged in the business of finance or insurance in the Republic of Korea (hereinafter referred to as "financial or insurance business entities"); |
| 4. | Any person liable to pay liquor tax (excluding the tax on ethanol for liquor making, unrefined rice wine, and medicinal wine; hereinafter the same shall apply) under the Liquor Tax Act. |
[This Article Wholly Amended on Dec. 27, 2010]
The revenue from trust property in public trust prescribed in the Public Trust Act operated by financial or insurance business entities shall not be subject to education taxes assessed. <Amended on Mar. 18, 2014> [This Article Wholly Amended on Dec. 27, 2010]
| Article 5 (Tax Base and Tax Rate) |
| (1) | The amount of education tax shall be calculated by multiplying the tax base listed in each of the following subparagraphs by a pertinent tax rate: Provided, That in the case of subparagraph 1, the amount of education tax for the revenue accruing in relation to currency transactions with redemption options (hereinafter referred to as "swap transactions") with the Bank of Korea under the Bank of Korea Act shall not exceed the amount of the revenue accruing in relation to the swap transactions after deducting all of the costs and expenses associated therewith, as prescribed by Presidential Decree. <Amended on Dec. 31, 2019> |
(With images)
| (2) | The tax rate as listed in the subparagraphs of paragraph (1) above may be adjusted within the scope of 30/100 of such tax rate by Presidential Decree, when deemed necessary to secure educational budget resources or procure the pertinent goods. |
| (3) | The revenue serving as the tax base referred to in paragraph (1) 1 above means interests, dividends, commissions, guarantee fees, profits on sale or redemption of securities (referring to the amount calculated by deducting acquisition amount calculated under Article 41 of the Corporate Tax Act from the payment received from the sale or redemption of securities) and insurance premiums (referring to a reserve fund created in preparation for payment according to the insurance contract, such as the maturity or termination of the insurance contract and insured accidents, from which an amount prescribed by Presidential Decree including contingency reserve fund and re-insurance premiums are deducted), which are earned by the financial or insurance business entities, and other funds prescribed by Presidential Decree, and the calculation thereof shall be prescribed by Presidential Decree. <Amended on Dec. 31, 2022> |
| (4) | The amount of revenue defined as the tax base in paragraph (1) 1 shall be based on the total amount of revenue for the respective taxable period prescribed in Article 8. |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 6 (Place of Tax Payment) |
| (1) | The place for payment of education tax assessed on the amount of revenue earned by a financial or insurance business entity shall be where their headquarters or main offices (or the main domestic business establishment when they have their headquarters or main offices abroad) are located: Provided, That in cases where the financial or insurance business entities have two or more establishments, the place for payment of tax may be the location of each business establishment as prescribed by Presidential Decree. <Amended on Mar. 2, 2016> |
| (2) | Notwithstanding paragraph (1), the place for payment of education tax assessed on the amount of revenue earned by a financial or insurance business entity adopting the consolidated tax return system defined in subparagraph 6 of Article 2 of the Corporate Tax Act (hereinafter referred to as the "consolidated tax return system") shall be the place for tax payment of its consolidated parent corporation defined in subparagraph 9 of the same Article (only applicable where the consolidated parent corporation is a financial or insurance business entity). <Newly Inserted on Mar. 2, 2016; Dec. 24, 2018; Dec. 31, 2018> |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 7 (Imputed Time for Income of Financial or Insurance Business Entities) |
| (2) | Notwithstanding paragraph (1), the imputed time for income of a financial or insurance business entity under the following classification pursuant to subparagraph 6 of the attached Table shall be the taxable period specified in the relevant subparagraph: <Newly Inserted on Dec. 31, 2022> |
| 1. | Insurance premiums: The taxable period in which the date of actual income falls: Provided, That in cases of insurance premiums corresponding to the insurance period that has not elapsed as of the end of the taxable period, it shall be the taxable period under the following classification: |
| (a) | Where an insurance contract is maintained: Each taxable period that includes the insurance period corresponding to the relevant insurance premium; |
| (b) | Where an insurance contract is terminated: The taxable period that includes the date of termination of the relevant contract; |
| 2. | Interest accrued from the amount of money borrowed in accordance with the terms and conditions of an insurance policy: The taxable period that includes the date of actual income. |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 8 (Taxable Period) |
| (1) | The taxable period of education tax assessed on the amount of revenue earned by a financial or insurance business entity shall be as follows: Provided, That the provisions of Article 7 and Article 8 (1) through (4) of the Corporate Tax Act shall apply mutatis mutandis in the case of a change in the business year, dissolution, liquidation, merger, spin-off etc.: <Amended on Dec. 29, 2015; Dec. 24, 2018> |
| (2) | The initial taxable period for a person who becomes a financial or insurance business entity shall be the period from the date when the business commences to the date when the taxable period in which the said date falls ends. |
| (3) | The taxable period for a financial or insurance business entity that closes its business shall be the period from the start date of the taxable period in which the end date falls to the closing date. |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 8-2 (Interim Prepayment) |
| (1) | Each financial or insurance business entity (excluding a corporation whose business year referred to in Article 8 (1) 1 does not exceed three months) shall pay the amount (hereinafter referred to as "interim tax") computed by multiplying three by the amount computed by dividing the amount of tax assessed as education tax for the immediately preceding taxable period by the number of months in that taxable period at the tax office having jurisdiction over the place for tax payment, the Bank of Korea (including its agencies), or a postal office, as prescribed by Presidential Decree, within two months after expiration of the following periods (hereinafter referred to as "interim prepayment period"): Provided, That the interim tax shall be deemed nil in the first taxable period of a new corporation after incorporation, where a financial or insurance business entity has no computed amount of tax assessed as education tax in the immediately preceding taxable period or the amount of education tax for the immediately preceding business year is not assessed by the end date of the relevant interim prepayment period: |
| 1. | The first interim prepayment period: the first three months after expiration of the preceding taxable period; |
| 2. | The second interim prepayment period: three months after expiration of the first interim prepayment period; |
| 3. | The third interim prepayment period: three months after expiration of the second interim prepayment period. |
| (2) | Notwithstanding paragraph (1), interim prepayment in cases of merger, spin-off, a change in the business year, etc. shall be prescribed by Presidential Decree. |
[This Article Newly Inserted on Dec. 29, 2015]
| Article 9 (Filing Tax Returns and Paying Taxes) |
| (1) | Upon filing a return, stating the amount of tax computed by deducting the interim tax from the amount of tax calculated according to the tax base for the respective taxable period, each financial or insurance business entity shall pay such tax to the head of a competent tax office within three months (four months in the cases of financial or insurance business entities adopting the consolidated tax return system) from the last day of the month in which the respective taxable period ends: Provided, That where the interim tax amount paid exceeds the amount of tax calculated according to the tax base for the respective taxable period, such excess shall be refunded pursuant to Article 51 of the Framework Act on National Taxes, or appropriated for other national taxes or forced collection charges: <Amended on Dec. 29, 2015; Dec. 20, 2016; Dec. 30, 2017; Dec. 31, 2018; Dec. 29, 2020; Dec. 31, 2022> |
| 1. | Deleted; <Dec. 29, 2015> |
| 2. | Deleted; <Dec. 29, 2015> |
| 3. | Deleted; <Dec. 29, 2015> |
| 4. | Deleted. <Dec. 29, 2015> |
| (2) | Where any taxpayer referred to in subparagraphs 2 through 4 of Article 3 files a tax return and pays the relevant tax in accordance with the relevant tax statutes, he or she shall file an education tax return and pay the education tax. |
| (3) | Matters necessary for filing tax returns and paying taxes under paragraphs (1) and (2) shall be prescribed by Presidential Decree. |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 10 (Assessment and Collection) |
| (1) | If a person liable to report on education tax in accordance with Article 9 (1) fails to report thereon, or if there is any error or omission in the details of the report, the head of the competent tax office shall determine or correct the tax base and tax amount thereof, and if any error or omission is found in the tax base and tax amount as so determined or corrected, he or she shall correct or re-correct them. <Amended on Dec. 20, 2016> |
| (2) | If the amount of tax as so reported in accordance with Article 9 (1) is not paid, or not paid in full, and the head of the competent tax office has determined, corrected, or re-corrected the amount of tax not yet paid in accordance with paragraph (1), he or she shall collect the amount of such tax to be additionally paid without delay. <Amended on Dec. 20, 2016> |
| (3) | The head of the competent tax office shall assess and collect the education tax assessed on the amount of individual consumption tax, traffic, energy and environment tax, or liquor tax in the same manner as individual consumption tax, traffic, energy and environment tax, or liquor tax is assessed and collected. <Amended on Dec. 20, 2016> |
| (4) | If a financial or insurance business entity (excluding a corporation, the business year referred to in Article 8 (1) 1 of which does not exceed three months) fails to pay wholly or partially interim tax payable under Article 8-2, the head of the competent tax office shall collect unpaid interim tax in accordance with the National Tax Collection Act. <Newly Inserted on Dec. 20, 2016> |
| (5) | Notwithstanding paragraph (4), if any of the following corporations fails to pay interim tax payable in the first business year after a spinoff, the interim tax assessed, as prescribed by Article 8-2 (2), shall be collected in accordance with the National Tax Collection Act: <Newly Inserted on Dec. 20, 2016> |
| 1. | A corporation incorporated in the course of a spin-off; |
| 2. | Where part of the corporation divided merges with another corporation and as a result, the latter survives the merger, the surviving corporation. |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 11 Deleted. <Dec. 30, 2006> |
| (2) | With respect to a refund of any amount of education tax assessed on the amount of individual consumption tax, traffic, energy and environment tax or liquor tax, which has been incorrectly paid or overpaid, and with respect to a refund of any amount of education tax assessed on the amount of individual consumption tax, traffic, energy and environment tax or liquor tax which is refundable as a result of a refund of the relevant tax, Articles 51, 51-2 and 52 through 54 of the Framework Act on National Taxes, Articles 20 and 20-2 of the Individual Consumption Tax Act, Article 17 of the Traffic, Energy and Environment Tax Act, or Articles 18 and 19 of the Liquor Tax Act shall apply mutatis mutandis. <Amended on Dec. 31, 2022> |
[This Article Wholly Amended on Dec. 27, 2010]
| Article 13 (Non-Inclusion in Necessary or Deductible Expenses) |
The amount of education tax assessed on any amount of tax defined as the education tax base, which shall not be included in the necessary or deductible expenses under the Income Tax Act or the Corporate Tax Act, shall not be included in the necessary or deductible expenses in calculating the amount of income under the Income Tax Act or the Corporate Tax Act. [This Article Wholly Amended on Dec. 27, 2010]
ADDENDA <Act No. 4279, Dec. 31, 1990>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1991.
Article 2 (Applicability concerning Education Tax Calculated Based on Amount of Special Consumption Tax)
With respect to the education tax calculated based on the amount of special consumption tax, this Act shall apply, beginning from the first sale, discharge, entrance, supply of entertainment, food and drink, or report of importation taking place after this Act enters into force.
Article 3 (Application concerning Education Tax Calculated Based on Amount of Liquor Tax)
Subparagraph 3 of Article 3 and Article 5 (1) 3 above shall apply, beginning from the first delivery from warehouse, take-over, or import declaration made after this Act enters into force. Article 4 (Application concerning Education Tax Calculated Based on Amount of Registration Tax)
With respect to the education tax calculated based on the amount of registration tax, this Act shall apply, beginning from the first registration or record taking place after this Act enters into force.
Article 5 (Applicability concerning Education Tax Calculated Based on Amount of Pari-Mutuel Tax)
With respect to education tax calculated based on the amount of pari-mutuel tax amount, this Act shall begin to apply from the ticket sold after the enforcement of this Act.
Article 6 (Applicability concerning Education Tax Calculated Based on Amount of Per Capita Resident Tax, etc.)
With respect to the education tax calculated based on the amount of per capita resident tax, property tax, aggregate land tax or automobile tax, this Act shall apply to each such tax assessed after this Act enters into force.
Article 7 (General Transitional Measures)
With respect to the education tax which has been assessed, or should have been assessed in accordance with the former provisions at the time of enforcement of the Act, the former provisions shall apply: Provided, That the amount equivalent to the education tax to be assessed in accordance with the former provisions on the separate taxable interest income and the separate taxable dividend income which are paid after the enforcement of this Act but have occurred on or before December 31, 1990 shall be collected as income tax in accordance with the Income Tax Act. Article 8 (Transitional Measures concerning Interest on Land Development Bonds)
With respect to the interest on land development bonds issued on, or before December 31, 1986 out of the profits earned by the financial or insurance business entities, education tax shall not be assessed.
ADDENDA <Act No. 4669, Dec. 31, 1993>
| (1) | (Enforcement Date) This Act shall enter into force on January 1, 1994: Provided, That the amended provisions of subparagraph 3 of Article 3 shall enter into force on January 1, 1995. |
| (2) | (Applicability concerning Education Tax Calculated Based on Amount of Liquor Tax with Regard to Group of "Soju") With respect to education tax calculated based on the amount of liquor tax with regard to the group of "soju", this Act shall apply, beginning from the first delivery from the distillery or the first import declaration made after the amended provisions of subparagraph 3 of Article 3 enter into force. |
| (3) | (Applicability concerning Place for Tax Payment of Financial or Insurance Business Entities) The amended provisions of Article 6 shall apply, beginning from the first report and payment of tax amount on the revenue accruing after this Act enters into force. |
ADDENDA <Act No. 4796, Dec. 22, 1994>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1995.
Article 2 Omitted.
Article 3 Omitted.
Article 4 (Applicability to Amendment of Education Tax Act)
ADDENDA <Act No. 4809, Dec. 22, 1994>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1995. (Proviso Omitted.)
Articles 2 through 9 Omitted.
ADDENDA <Act No. 5037, Dec. 29, 1995>
Article 1 (Enforcement Date)
This Act shall enter into force on July 1, 1996.
Article 2 Deleted. <by Act No. 10407, Dec. 17, 2010>
Article 3 (Applicability concerning Education Tax Calculated Based on Amount of Special Consumption Tax)
The proviso of Article 5 (1) 2 above shall apply, beginning from the first sales, discharge or import declaration taking place after this Act enters into force. Article 4 (Applicability concerning Education Tax Calculated Based on Amount of Traffic Tax)
With respect to education tax calculated based on the amount of traffic tax, this Act shall apply, beginning from the first discharge or import declaration taking place after this Act enters into force.
Article 5 (Applicability concerning Education Tax Calculated Based on Amount of Tobacco Consumption Tax)
With respect to education tax calculated based on the amount of tobacco consumption tax, this Act shall apply, beginning from the first discharge or importation taking place for the first time after this Act enters into force.
ADDENDA <Act No. 5581, Dec. 28, 1998>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1999. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDA <Act No. 5584, Dec. 28, 1998>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1999. (Proviso Omitted.)
Articles 2 through 19 Omitted.
ADDENDA <Act No. 6032, Dec. 3, 1999>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 9 Omitted.
ADDENDA <Act No. 6050, Dec. 28, 1999>
| (1) | (Enforcement Date) This Act shall enter into force on January 1, 2000. |
| (2) | (Applicability) The amended provisions of Article 5 (1) 4 of this Act shall apply, beginning from the first portion carried out of the manufacturing place or the first import declaration made after this Act enters into force. |
| (3) | (Transitional Measure) Concerning education tax assessed or to be assessed under the previous provisions as at the time this Act enters into force shall be dealt with in accordance with the previous example. |
ADDENDA <Act No. 6296, Dec. 29, 2000>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2001: Provided, That the amendments to subparagraph 2 of Article 3 and the proviso to Article 5 (1) 2 shall enter into force on July 1, 2001. Article 2 Deleted. <by Act No. 10407, Dec. 17, 2010>
Article 3 (Applicability to Heavy Oil, etc.)
With respect to the goods falling under the amendments to subparagraph 2 of Article 3 and the proviso to Article 5 (1) 2, it shall apply, beginning from the first portion carried out of the manufacturing place or the first import declaration made after July 1, 2001. Article 4 (General Transitional Measures)
With respect to education tax levied or to be levied under the previous provisions, effective at the time this Act enters into force, the previous provisions shall apply.
Article 5 (Transitional Measures concerning Education Tax Calculated Based on Registration Tax Amount)
With respect to education tax calculated based on the registration tax amount under previous subparagraph 5 of Article 3 and Article 5 (1) 5, effective at the time this Act enters into force, the previous provisions shall apply only to the portion registered before December 31, 2000. Article 6 (Transitional Measures concerning Education Tax Calculated Based on Racing and Pari-Mutuel Tax Amount)
With respect to the education tax calculated based on the racing and pari-mutuel tax amount under previous subparagraph 6 of Article 3 and Article 5 (1) 6, effective at the time this Act enters into force, the previous provisions shall apply only to the portion of winner's suffrage or horse-riding suffrage sold before December 31, 2000. Article 7 (Transitional Measures concerning Education Tax Calculated Based on Per Capita Resident Tax, etc.)
With respect to the education tax calculated based on the per capita resident tax amount, property tax amount, aggregate land tax amount, and automobile tax amount under previous subparagraphs 7 through 10 of Article 3 and Article 5 (1) 7 through 10, effective at the time this Act enters into force, the previous provisions shall apply only to the portion whereon the relevant tax amounts are levied before December 31, 2000. Article 8 (Transitional Measures concerning Education Tax Calculated Based on Tobacco Consumption Tax Amount)
With respect to the education tax calculated based on the tobacco consumption tax amount under previous subparagraph 11 of Article 3 and Article 5 (1) 11, effective at the time this Act enters into force, the previous provisions shall apply only to the portion of manufactured tobacco first taken out of the manufacturing place or the bonded area or first brought inland before December 31, 2000. Article 9 (Transitional Measures concerning Financial or Insurance Business Entities)
With respect to the revenue earned by the Korea Asset Management Corporation (referring to the Assets Management Corporation on the provisions of previous annexed Table 2) at the time this Act enters into force, the education tax shall be levied only on the portion vested before December 31, 2000.
ADDENDA <Act No. 6521, Dec. 15, 2001>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Act No. 7011, Dec. 30, 2003>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2004.
Articles 2 through 5 Omitted.
ADDENDUM <Act No. 7578, Jul. 13, 2005>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 8137, Dec. 30, 2006>
| (1) | (Enforcement Date) This Act shall enter into force on January 1, 2007. |
| (2) | (Transitional Measures concerning Additional Tax) The previous provisions shall govern the additional tax on education tax to have levied or to be levied under the provisions of the previous Article 11 before this Act enters into force. |
ADDENDA <Act No. 8829, Dec. 31, 2007>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2008.
Articles 2 through 12 Omitted.
ADDENDUM <Act No. 9262, Dec. 26, 2008>
This Act shall enter into force on July 1, 2009.
ADDENDA <Act No. 10303, May 17, 2010>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 10 Omitted.
ADDENDUM <Act No. 10407, Dec. 27, 2010>
This Act shall enter into force on the date of its promulgation.
ADDENDA <Act No. 11122, Dec. 31, 2011>
Article 1 (Enforcement Date)
This Act shall enter into force on March 2, 2012.
Article 2 (Transitional Measure concerning Education Tax of National Agricultural Cooperatives Federation)
Any Nonghyup Bank under the amended provisions of subparagraph 7 of attached Table shall report on and pay, by May 31, 2012, education tax of the National Agricultural Cooperatives Federation falling into the taxable period from January 1, 2012 to March 1, 2012.
ADDENDA <Act No. 12157, Jan. 1, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2014. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDA <Act No. 12420, Mar. 18, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force one year after the date of its promulgation.
Article 2 Omitted.
Article 3 Omitted.
Article 4 Omitted.
ADDENDA <Act No. 12846, Dec. 23, 2014>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2015. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Act No. 13620, Dec. 29, 2015>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (General Applicability)
This Act shall begin to apply beginning from the first taxable period that arrives after this Act enters into force.
ADDENDA <Act No. 14037, Mar. 2, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (Applicability concerning Tax Domiciles of Financial or Insurance Business Entities Adopting Consolidated Tax Return System)
The amended provisions of Article 6 (2) shall begin to apply from the first return and payment of education tax assessed for the taxable period in which the enforcement date of this Act falls.
ADDENDA <Act No. 14380, Dec. 20, 2016>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2017.
Article 2 (Applicability concerning Financial or Insurance Business Entities’ Liability to Pay Education Tax)
The amended subparagraph 15 of the attached Table shall begin to apply from the first taxable period that begins after this Act enters into force.
Article 3 (Applicability concerning Collection of Interim Taxes)
The amended Article 10 (4) and (4) shall begin to apply from the interim prepayment to be made after this Act enters into force. Article 4 (Applicability concerning Interim Prepayment)
The interim tax to be paid, in the first-beginning taxable period, by a credit provider or credit broker who becomes liable to pay education tax after this Act enters into force shall be deemed zero, notwithstanding the main sentence of Article 8-2 (1).
ADDENDA <Act No. 15330, Dec. 30, 2017>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Article 2 (Applicability concerning Filing Tax Bases and Paying Taxes)
The amended provisions of Article 9 (1) shall begin to apply from the first taxable period in which the enforcement date of this Act falls.
ADDENDA <Act No. 16008, Dec. 24, 2018>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2019. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDA <Act No. 16095, Dec. 31, 2018>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2019.
Article 2 (Applicability to Filing Education Tax Return or Paying Education Tax by Financial or Insurance Business Entities Adopting the Consolidated Tax Return System)
| (1) | The amended provisions of the main clause of Article 9 (1) shall begin to apply to the education tax return filed or the education tax paid after this Act enters into force. |
| (2) | Notwithstanding paragraph (1), the previous provisions shall apply to cases where the deadline of filing tax returns or paying taxes under the main clause of Article 9 (1) has elapsed as at the time this Act enters into force. |
ADDENDA <Act No. 16839, Dec. 31, 2019>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2020.
Article 2 (Applicability to Education Tax Rate Calculated Based on Amount of Liquor Tax)
The amended provisions of Article 5 (1) 4 of this Act shall apply, beginning with the first portion delivered from the manufactory of alcoholic beverages or the first import declaration made after this Act enters into force.
ADDENDA <Act No. 17758, Dec. 29, 2020>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2021.
Articles 2 through 25 Omitted.
ADDENDA <Act No. 19187, Dec. 31, 2022>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2023.
Article 2 (Applicability to Calculation of Tax Base for Financial or Insurance Business Entities)
The amended provisions of Articles 5 (3) and 7 shall begin to apply to the taxable period that begins after this Act enters into force: Provided, That where a financial or insurance business entity applies the international accounting standards for insurance contracts under Article 42-3 (1) of the Corporate Tax Act during the taxable period that includes December 31, 2022, it shall begin to apply to the taxable period reported after this Act enters into force.
ADDENDA <Act No. 19201, Dec. 31, 2022>
Article 1 (Enforcement Date)
This Act shall enter into force on April 1, 2023.
Article 2 Omitted.
Article 3 Omitted.
ADDENDA <Act No. 19925, Dec. 31, 2023>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2024.
Article 2 (Applicability to Obligations of Online Investment-Linked Financial Business Entities to Pay Education Tax)
The amended provisions of subparagraphs 6 and 16 of attached Table shall begin to apply to the taxable period that begins after this Act enters into force.