General Taxation_19
Chapter 1.
Tax Concepts and Classification 20
1.
Tax Concept 20
2.
Tax Classification and Korea's Tax System 21
Chapter 2.
Basic Principles of Tax Law 24
1.
Tax Law Principle 24
2.
Tax Equality 24
3.
Principle of Good Faith (Good Faith Rule) 24
Practice Problem 25
Boron.
Tax Court 27
1.
Written Law 27
2.
Unwritten Law 28

National Tax Basic Act _31
Chapter 1.
Total 32
1.
Purpose and Contents of the National Tax Basic Act 32
2.
Period and deadline 32
3.
Delivery of Documents 34
Practice Problem 36
Boron.
Definition of terms, etc. 40
1.
Definition of Terms 40
2.
Relationship between the National Tax Basic Act and Tax Law 42
Chapter 2.
Principles of Taxation and Application of Tax Law 43
1.
Principle 43 of National Taxation
2.
Principle 45 of Tax Law Application
Practice Problem 49
Chapter 3.
and tax 52
1.
Competent authority 52
2.
Amendment Report and Correction Request 52
3.
Late filing and payment 56
4.
Surtax 57
Practice Problem 61
Chapter 4.
Refund 64
1.
Tax refund 64
2.
Tax refund surcharge 65
3.
Statute of limitations for tax refunds 65
Practice Problem 66
Boron.
Establishment, confirmation, and extinction of tax obligations, etc. 68
Boron 1.
Establishment, Confirmation, and Extinction of Tax Obligation 69
1.
Overview 69
2.
Establishment of Tax Obligation 69
3.
Determination of Tax Liability 71
4.
Extinction of Tax Liability 73
5.
The 73rd National Tax Imposition Preclusion Period
6.
Statute of limitations for tax collection rights 75
7.
Comparison of the statute of limitations for tax assessment and the statute of limitations for tax collection 77
Practice Problem 78
Boron 2.
Expansion of Tax Obligations 82
1.
Overview 82
2.
Succession of Tax Liability 82
3.
Joint Tax Liability 83
4.
Secondary Tax Obligation 85
Practice Problem 87
Boron 3.
The Relationship Between National Taxes and General Bonds 91
1.
National Tax Priority 91
2.
Priority 92 between tax claims
3.
Limitation of National Tax Priority 92
4.
Summary of the National Tax Priority Limitation 94
Practice Problem 95
Boron 4.
Remedy of Rights 98
1.
Total 98
2.
Pre-taxation review (preemptive rights relief) 98
3.
100 Appeal Procedures (Ex post facto relief) under the National Tax Basic Act
Practice Problem 104
Boron 5.
Rule 107
1.
Tax Administrator 107
2.
Minimum amount of notice 107
3.
107. Placement and preservation of ledgers, etc.
4.
Issuance of Document Receipt 107
5.
Cooperation with National Tax Administration 108
6.
Payment of bounty 108
7.
109 Cooperation in the submission and collection of tax information
Practice Problem 110

Corporate Tax Act _113
Chapter 1.
Total 114
1.
Overview of Corporate Tax 114
2.
Taxable income under corporate tax 115
3.
Corporate taxpayer 116
4.
Tax obligations by type of corporation 117
Chapter 2.
Fiscal Year and Tax Payment Place 118
1.
Fiscal year 118
2.
Taxpayer 119
Practice Problem 121
Chapter 3.
Corporate tax calculation structure for each fiscal year's income 125
1.
Tax Adjustment 127
2.
Income Disposition 131
Practice Problem 139
Chapter 4.
Profits and Losses Excluded from Profits 142
1.
142
2.
Non-deduction of income 146
Practice Problem 151
Boron.
155 Deemed rent for rental deposits, etc.
1.
155 Deemed rent for rental deposits, etc.
2.
Agenda allocation 157
3.
A certain amount of dividend income 159
Practice Problem 161
Chapter 5.
Hand and Footprint Exclusion 167
1.
Hand gold 167
2.
Non-deductible expenses 171
Practice Problem 177
Chapter 6.
Profit and loss attribution fiscal year 182
1.
Overview 182
2.
Profit and loss attributable to each transaction type, fiscal year 183
Practice Problem 188
Chapter 7.
Acquisition cost of assets and valuation of assets and liabilities 191
1.
Acquisition cost of assets 191
2.
Valuation of Assets and Liabilities 191
Practice Problem 195
Chapter 8.
Non-deductibility of depreciation expense 197
1.
The Meaning and Characteristics of Depreciation 197
2.
Scope of Depreciable Assets 198
3.
Factors determining the depreciation range 198
4.
Depreciation expense calculation structure 204
5.
Post-Management of Depreciation Denial Amount 205
6.
Depreciation Agenda 208
Practice Problem 209
Chapter 9.
Non-deductibility of donations 215
1.
The significance and scope of donations 215
2.
Types of Donations 216
3.
Donation Deduction Calculation Structure 217
4.
Deductible limit for donations: 217
5.
Deduction of excess donation carryover amount from income tax 219
6.
Evaluation of In-Kind Donations 220
7.
Date of donation attribution 220
Practice Problem 221
Chapter 10.
Non-deductibility of business expenses 224
1.
The significance and scope of business promotion expenses 224
2.
Requirements for Proof of Business Expenses 225
3.
The structure of business promotion expenses 225
4.
Business promotion expenses limit 226
5.
Evaluation of in-kind business promotion expenses 228
6.
Tax adjustment period for business expenses 228
7.
Special provision for deducting business expenses spent on cultural purposes as deductible expenses 228
8.
Tax adjustment of business promotion expenses subject to asset accounting 228
Practice Problem 231
Chapter 11.
Non-deductibility of interest paid 235
1.
The Meaning of Interest Payment and the Structure of Tax Adjustment 235
2.
Interest on bonds with unknown creditors 235
3.
Anonymous Bonds and Securities Interest 236
4.
Construction fund interest 236
5.
Interest paid on business-unrelated assets, etc. 237
Practice Problem 239
Chapter 12.
Deduction of reserve funds from expenses 241
1.
Retirement Pension System 241
2.
247 grandsons
3.
Bad debt reserve 249
Practice Problem 252
Chapter 13.
Denial of Unfair Acts 257
1.
257 of the of
2.
Wife's Requirements 257
3.
Wife's Judgment Criteria 259
4.
The Wife's Effect 260
5.
Case 260 of Tax Adjustment Denial of Unfair Act Calculation
Practice Problem 265
Chapter 14.
Calculation of Tax Base and Tax Amount 269
1.
Calculation of tax base 269
2.
Calculation of tax amount 271
3.
Tax Reductions and Tax Credits 272
4.
Surtax 275
Practice Problem 277
Boron.
Refunds and Foreign Tax Credits Based on Loss Carryback 279
1.
Refund based on retroactive deduction of loss 279
2.
Foreign Tax Credit 281
Practice Problem 285
Chapter 15.
Corporate Tax Reporting and Payment 291
1.
Reporting and Payment During the Fiscal Year 291
2.
Corporate Tax Reporting and Payment 292
Practice Problem 294
Boron.
Minimum tax 297
1.
Significance and Application Logic 297
2.
How to apply the minimum tax 298
3.
Tax reduction exclusion order 298
Practice Problem 300
Chapter 16.
Other corporate taxes 303
1.
Tax Obligations of Nonprofit Organizations 303
2.
Corporate Tax on Liquidation Income 304
3.
Corporate tax on land transfer income, etc. Article 305
4.
Corporate Tax on Unrepatriated Income 307
Practice Problem 309

Income Tax Act _313
Chapter 1.
Income Tax General Provisions 314
1.
The Significance of Income Tax 314
2.
Income tax payer 314
3.
Tax period 315
4.
Taxpayer's Office 315
5.
Income Classification 316
6.
Characteristics of Korea's Income Tax System 317
Practice Problem 322
Chapter 2.
Financial income 325
1.
Interest income 325
2.
Dividend income 328
3.
Taxation of Financial Income (Interest Income, Dividend Income) 334
Practice Problem 337
Chapter 3.
Business income 340
1.
Scope of Business Income 340
2.
Non-taxable business income 341
3.
Separate Taxation Income 341
4.
Calculation Structure of Business Income Amount 341
5.
Real estate rental business income 343
6.
Special provisions for expenses related to business vehicles, etc. 348
7.
Withholding tax 350
Practice Problem 352
Chapter 4.
Earned income 356
1.
Scope of earned income 356
2.
Non-taxable earned income 358
3.
Separately Taxed Income 361
4.
Calculating Earned Income 362
5.
Timing of Earned Income 362
6.
Taxation of Earned Income 364
Practice Problem 366
Chapter 5.
Pension income 370
1.
Pension Income Scope 370
Practice Problem 377
Chapter 6.
Other income 378
1.
Scope of other income 378
2.
Non-taxable other income 381
3.
Withholding Tax and Separate Taxation 381
4.
Calculation of Other Income Amount 383
5.
Timing of receipt of other income 384
Practice Problem 386
Chapter 7.
Special Case for Income Calculation 389
1.
Denial of Unfair Acts 389
2.
Calculating Income for Joint Ventures 390
3.
Deduction of Deficit and Deficit Carryforward 391
Practice Problem 395
Chapter 8.
Calculation of Comprehensive Income Tax Base 396
1.
Calculation of Comprehensive Income Tax Base 396
2.
Comprehensive Income Deduction 397
Practice Problem 408
Chapter 9.
Calculation of Comprehensive Income Tax 411
1.
Flow of Comprehensive Income Tax Base and Tax Calculation 411
2.
Calculation of Comprehensive Income Tax Amount 412
3.
Special Cases for Tax Calculation in Comprehensive Taxation of Financial Income 412
4.
Tax reduction 413
5.
Tax deduction 414
Practice Problem 432
Chapter 10.
Retirement Income Tax 438
1.
Scope of Retirement Income 438
2.
Limit on Executive Severance Pay 439
3.
Calculating Retirement Income Tax 440
4.
Deferred Retirement Income Tax 441
5.
Retirement Income Earning Timing 442
Practice Problem 443
Chapter 11.
Capital gains tax 445
1.
The Concept of Capital Gains 445
2.
Scope of Transfer Income 446
3.
Tax-exempt capital gains 448
4.
Calculation of capital gains tax 453
5.
Reporting, Payment, Determination, and Collection of Capital Gains Tax 458
Practice Problem 460
Chapter 12.
Reporting, Payment, Decision, and Collection 464
1.
Tax Base Determination Report and Payment 464
2.
Reporting, Payment, Decision, and Collection During the Tax Period 466
3.
Year-end tax settlement 468
4.
Business Status Report 469
5.
Decisions, Corrections, Collections, and Refunds 469
6.
Surtax 470
Practice Problem 473

Value Added Tax Act _477
Chapter 1.
Value Added Tax General Provisions 478
1.
The Meaning and Taxation Method of Value-Added Tax 478
2.
Feature 479
Practice Problem 481
Chapter 2.
Value Added Tax General Provisions 482
1.
Value-Added Tax Calculation Structure 482
Practice Problem 484
Chapter 3.
Taxpayer 485
1.
Scope of Taxpayers 485
2.
Business Tax Obligations 485
3.
Tax obligations of importers of goods 487
Practice Problem 488
Chapter 4.
Tax period 490
1.
Tax period for general taxpayers 490
2.
Tax period for simplified taxpayers 491
3.
Reporting and Payment Deadline 491
Practice Problem 492
Chapter 5.
Tax payment location and business registration 493
1.
Principle: Taxation by Business Location 493
2.
Payment Exception: General Payment at Main Business Site 494
3.
Exceptions to Reporting and Payment: Business Unit Taxation System 496
4.
Business registration 497
Practice Problem 500
Chapter 6.
Taxable Transaction 503
1.
Supply of Goods 503
2.
Supply of Services 510
3.
Import of goods 512
4.
Handling of incidental goods or services 513
5.
Timing of Supply of Goods and Services 514
Practice Problem 519
Chapter 7.
Small business tax rate and tax exemption 521
1.
Small business rate 521
2.
Duty free 524
3.
Comparison of the small business tax rate and tax exemption rate 529
Practice Problem 530
Chapter 8.
Taxable income 534
1.
General Principles of Tax Base Calculation 534
2.
Taxation Standards for the Supply of Goods 538
3.
Special Case for Tax Base Calculation 541
4.
Deduction for bad debts 546
5.
Sales tax calculation structure 548
Practice Problem 549
Chapter 9.
Calculation of Purchase Tax 556
1.
Calculation of Purchase Tax Deduction 556
Practice Problem 569
Chapter 10.
Tax invoice 572
1.
Preparation and Issuance of Tax Invoices 572
2.
Tax invoice 572
3.
Submission of the Total Tax Invoice Table 579
4.
Receipt 582
5.
Cash receipt system and credit card and cash register operation 582
Practice Problem 584
Chapter 11.
VAT Reporting and Payment 587
1.
Scheduled Report and Payment 587
2.
Final Report and Payment 588
3.
Documents to be submitted for preliminary and final reports 588
4.
Proxy Payment 591
5.
Special Provision 593 on the Supply of Services, etc. by Foreign Business Operators
6.
Special Provision 593 on Business Registration and Payment of Taxes by Foreign Businesses Providing Electronic Services
7.
Decisions and Corrections 597
8.
Admission Fee 598
9.
Refund 598
10.
Surtax 599
Practice Problem 604
Chapter 12.
Simplified Taxation 608
1.
608 of the of
2.
Scope of simplified taxpayers 608
3.
Change in tax type 610
4.
Calculation structure for simplified taxpayers 610
5.
Deduction and addition of inventory purchase tax 613
6.
Reporting and Payment 614
7.
Waiver of simplified taxation 614
8.
Comparison of General and Simplified Taxpayers 615
Practice Problem 616

Inheritance Tax and Gift Tax Act _617
Chapter 1.
Inheritance Tax General Provisions 618
1.
Taxable Subjects and Types of Taxation 618
2.
Taxpayer 619
3.
Tax jurisdiction 620
4.
Inheritance Tax Calculation Structure 621
Boron.
Civil Code Inheritance System 622
1.
Inheritance by Will and Statutory Inheritance 622
2.
Statutory inheritance order 622
3.
Inheritance share 623
Chapter 2.
Inheritance tax amount 625
1.
Inheritance tax amount 625
2.
Total inheritance value: 625
3.
Inherited property exempt from taxation 629
4.
Taxable deduction amount 630
Chapter 3.
Inheritance tax base 632
1.
Inheritance Tax Base Calculation Structure 632
2.
Personal deduction 633
3.
Material deduction 635
4.
Appraisal Fee Deduction 637
5.
Comprehensive limit for inheritance tax deduction: 638
Chapter 4.
Inheritance Tax Calculation and Payment Procedures 641
1.
Flowchart of the calculation structure of inheritance tax amount 641
2.
Inheritance tax calculation amount 642
3.
Deferral of collection of cultural assets, etc. 642
4.
Tax deduction 643
5.
Tax Procedure 645
Practice Problem 648
Chapter 5.
Gift Tax General Provisions 653
1.
Taxable Subjects and Types of Taxation 653
2.
Taxpayer 654
3.
Tax jurisdiction 655
4.
Gift Tax Calculation Structure 656
Chapter 6.
Gift taxable amount 657
1.
Gift taxable amount 657
2.
Gift property value: 657
3.
Total gift property value: 659
4.
Amount of debt assumed in case of gift with burden 659
5.
Presumed gift 660
6.
Tax-exempt gift property 661
7.
Taxable amount not included 662
8.
Gift Tax Special Provision 662
Boron.
Example 664 of a gift type
1.
Example 664 of a Gift Type in a General Transaction
2.
Gift of Other Benefits (Comprehensive Gift Tax) 669
3.
Example 671 of a Donation Type in a Capital Transaction
Chapter 7.
Gift tax base 675
1.
Gift Tax Base Calculation Structure 675
2.
Gift tax deduction 676
Chapter 8.
Gift Tax Calculation and Payment Procedures 678
1.
Gift Tax Calculation Flowchart 678
2.
Calculation of Gift Tax Amount 679
3.
679 Delay in Collection of Museum Materials
4.
Tax credit 679
5.
Gift Tax Payment Procedure 680
Chapter 9.
Valuation of Property 681
1.
Principles of Property Valuation 681
2.
City 681
3.
Supplementary Evaluation 684
4.
Valuation of Other Assets 688
Practice Problem 692

First, as an introductory or summary book on tax law, it allows readers to get an overview of the entire tax law.
Therefore, to make the explanation easy to understand, diagrams and notes were used as much as possible, and minor or overly theoretical parts were omitted.
Additionally, although not included in major tax law exams, topics deemed essential for understanding tax law in general are explained in supplementary material.

Second, it was written to enable clear understanding and a structural approach, moving beyond a flat listing and explanation of tax laws.
To this end, examples were added to the main parts and multiple choice questions were added to enable repetitive learning.


Third, the book mainly describes the general principles of taxation, the National Tax Basic Act, the Corporate Tax Act, the Income Tax Act, and the Value Added Tax Act, which are the main subjects of various tax law-related tests. Furthermore, the Inheritance Tax and Gift Tax Act were additionally described as it was deemed necessary to understand the overall flow of tax law.
Additionally, by understanding the examples and multiple-choice questions covered for each topic, you can respond to the trends of various exams.