PART 1 National Tax Basic Act

Chapter 1 General Provisions
Section 1 Purpose of the National Tax Basic Act, etc. 1-4
1.1 Purpose of the National Tax Basic Act / 1-4
1.2 Special Relationships under the National Tax Basic Act / 1-5
Section 2 Period and Deadline 1-7
2.1 Calculating the period / 1-7
2.2 Deadline / 1-9
Section 3 Delivery of Documents 1-11
Section 4 Personality 1-17
Chapter 2 Taxation and Application of Tax Law
Section 1: Taxation Legality and Tax Equality 1-20
1.1 Tax Law Principle / 1-20
1.2 Tax Equality / 1-23
Section 2 Principles of Taxation 1-24
2.1 Principle of Substantial Taxation / 1-24
2.2 Principle of Good Faith / 1-30
2.3 Basis for Taxation / 1-33
2.4 Post-Tax Reduction Management / 1-35
Section 3 Principles of Tax Law Application 1-36
3.1 Standards for Tax Law Interpretation / 1-36
3.2 Principle of Prohibition of Retroactive Taxation / 1-38
3.3 Respect for Corporate Accounting / 1-41
Chapter 3 Tax Obligations
Section 1 Establishment and Confirmation of Tax Obligation 1-44
1.1 When Tax Obligation Occurs / 1-44
1.2 Determination of Tax Liability / 1-48
1.3 Effect of corrections, etc. / 1-52
Section 2 Succession of Tax Liability 1-56
Section 3 Joint Tax Liability 1-58
Section 4 Extinction of Tax Liability 1-62
4.1 Reasons for Extinction of Tax Obligation / 1-62
4.2 The statute of limitations for imposing national taxes / 1-63
4.3 Statute of Limitations on Tax Collection Rights / 1-72
Chapter 4: Relationship between National Taxes and General Bonds
Section 1: Priority of National Taxes 1-76
1.1 Priority of National Taxes / 1-76
1.2 Limitations on Tax Priority / 1-77
1.3 Purchaser (transferee) of national tax bonds and property
Priority / 1-81
1.4 Cancellation of Fraudulent Acts for False Collateral Contracts / 1-82
1.5 Priority of Tax Claims / 1-83
Section 2 Second Tax Obligation 1-85
2.1 General information / 1-85
2.2 Secondary Tax Obligations of Liquidators, etc. / 1-86
2.3 Secondary Tax Obligations of Investors / 1-87
2.4 Secondary Tax Obligations of Corporations / 1-90
2.5 Secondary Tax Obligations of the Business Transferee / 1-91
Chapter 5 and tax
Section 1 Jurisdiction 1-94
Section 2 Claims for Correction, etc. 1-95
Section 3 Imposition and Payment of Surtax 1-102
3.1 Surtax Imposition / 1-102
3.2 Types of Surtax / 1-104
3.3 Surtax Reduction, etc. / 1-108
Chapter 6 Tax Refunds and Tax Refund Surcharges
Section 1 Tax Refund 1-114
1.1 The Meaning and Types of Tax Refunds / 1-114
1.2 Tax Refunds and Refunds / 1-116
1.3 Tax Refund Surcharge / 1-119
Chapter 7 Tax Complaints
Section 1 Tax Complaints 1-122
1.1 General Rules / 1-122
1.2 Objection, Request for Review, Request for Trial / 1-129

Chapter 8 Taxpayer Rights and Provisions
Section 1 Taxpayer Rights Protection 1-136
Section 2 Tax Audit 1-138
Section 3 Pre-Taxation Review 1-149
Section 4 Payment of Rewards 1-153

PART 2 Income Tax Law

Chapter 1 General Provisions
Section 1 Tax Obligations 2-4
1.1 Residents and Non-Residents / 2-4
1.2 Tax Obligations of Non-Incorporated Organizations / 2-7
1.3 Special Cases Regarding the Scope of Tax Obligations / 2-9
1.4 Income attributable to trust property
Scope of Tax Obligations / 2-10
Section 2 Taxable Income 2-13
2.1 Classification of Income / 2-13
2.2 Theory on the Concept of Income / 2-14
Section 3 Tax Period and Place of Tax Payment 2-17
Chapter 2 Residents' Comprehensive Income and Retirement Income
Section 1 Interest Income 2-20
1.1 Scope of Interest Income / 2-20
1.2 Timing of Interest Income / 2-25
Section 2 Dividend Income 2-27
2.1 Scope of Dividend Income / 2-27
2.2 Timing of Dividend Income / 2-36
2.3 Calculating Dividend Income / 2-37
2.4 Taxation of Financial Income / 2-39
Section 3 Business Income 2-41
3.1 Scope of Business Income / 2-41
3.2 Tax-Exempt Business Income / 2-45
3.3 Calculating Business Income / 2-47
3.4 Business Income Receipt Period / 2-50
3.5 Taxation of Business Income / 2-51
3.6 Business Owner's Bookkeeping Obligation / 2-52
Section 4 Earned Income 2-53
4.1 Scope of Earned Income / 2-53
4.2 Calculation of Employment Income and Earnings Period / 2-60
Section 5 Pension and Retirement Income 2-61
5.1 Pension Income / 2-61
5.2 Retirement Income / 2-65
Section 6 Other Income 2-68
6.1 Scope of Other Income / 2-68
6.2 Calculation and Taxation of Other Income / 2-76
6.3 Other Income Income Period / 2-78
Chapter 3 Special Cases for Calculating Income Amounts
Section 1 Unfair Act Calculation 2-80
1.1 Denial of Unfair Act Accounting / 2-80
1.2 Calculation of Unfair Acts / 2-83
Section 2 Regarding joint ventures
Special Case for Calculating Income Amount 2-84
2.1 Calculation and Distribution of Joint Business Income / 2-84
2.2 Joint Business Combined Taxation / 2-88
Section 3 Deduction of Deficits and Losses Carried Forward 2-90
3.1 Total Losses by Income / 2-90
3.2 Deduction of Losses Carried Forward and Retroactive Deduction of Losses / 2-91
Chapter 4 Reporting, Payment, Determination, and Correction of Comprehensive Income
Section 1 Comprehensive Income Tax Base and Tax Calculation 2-94
1.1 Tax Bases and Income Deductions / 2-94
1.2 Calculating the Tax Amount and Tax Determination / 2-96
1.3 Tax Reductions and Tax Credits / 2-97
Section 2 Reporting and Payment of Comprehensive Income 2-102
2.1 Early Collection of Income Tax / 2-102
2.2 Confirmation Report / 2-103
2.3 Confirmation of Honest Reporting / 2-104
Section 3 Withholding Tax 2-107
3.1 Withholding Tax System / 2-107
3.2 Legal Relationship of Withholding Tax (Three-Party Relationship) / 2-108
3.3 Withholding Tax under the Income Tax Act / 2-109
Section 4 Decisions and Corrections 2-112
Chapter 5 Transfer Income
Section 1 General Provisions 2-118
1.1 Subject to Capital Gains Tax / 2-118
1.2 The Concept of Transfer / 2-122
1.3 Taxpayers liable for capital gains tax / 2-132
Section 2 Non-Taxable Capital Gains 2-134
2.1 Non-taxable Income and Exclusions / 2-134
2.2 Tax Exemption for 1st Generation, 1st Home / 2-135
Section 3 Transfer/Acquisition Time 2-140
Section 4 Calculation and Reporting of Capital Gains Tax 2-143
4.1 Capital Gains Tax Calculation Structure / 2-143
4.2 Transfer price / 2-146
4.3 Necessary expenses for transfer income / 2-147
4.4 Denial of Unfair Act Calculation / 2-148
4.5 Taxation of Transfers after Gifts / 2-150
4.6 Tax Base and Rate for Transfer Income / 2-153
4.7 Capital Gains Tax Report / 2-154
Section 5 Domestic stocks when a resident leaves the country
Tax Special Provision 2-155

PART 3 CORPORATE TAX LAW

Chapter 1 General Introduction
Section 1 Purpose and Types of Corporate Tax Law 3-4
Section 2 Taxpayer 3-5
2.1 Taxpayer / 3-5
2.2 Trust Income / 3-8
Section 3 Fiscal Year and Tax Payment Place 3-10
3.1 Fiscal Year / 3-10
3.2 Tax Payment / 3-11
Chapter 2 Income for each fiscal year
Section 1 Income of Corporations 3-14
1.1 Net Asset Growth Theory / 3-14
1.2 Tax Adjustment / 3-14
Section 2 Profit 3-17
2.1 The Nature of Earnings / 3-17
2.2 Scope of Profit (Article 11 of the Enforcement Decree of the Corporate Tax Act) / 3-18
2.3 Special Profits (Deemed Profits) / 3-23
2.4 Agenda Allocation / 3-25
2.5 Non-deduction of income / 3-28
2.6 Exclusion of Dividends from Domestic Corporations from Income / 3-33
2.7 Exclusion of Dividends from Foreign Subsidiaries from Income / 3-36
Section 3 Hand Gold 3-38
3.1 Scope of the hand / 3-38
3.2 Exclusion of Bad Debt from Deductions / 3-45
3.3 Non-deduction of expenses due to capital transactions, etc. / 3-48
3.4 Non-deductibility of taxes and utility charges / 3-49
3.5 Regarding punitive damages, etc.
Non-deductible expenses / 3-50
3.6 Depreciation Expenses Not Deductible / 3-51
3.7 Non-deductibility of donations / 3-54
3.8 Non-deductibility of corporate business expenses / 3-57
3.9 Exclusion of Excessive Expenses, etc. from Deductions / 3-61
3.10 Non-work-related expenses not deductible / 3-66
3.11 Non-deduction of expenses related to business-use passenger vehicles, etc.
Special Case / 3-70
3.12 Non-deductibility of Interest Paid / 3-71
Chapter 3: Timing of Profit and Loss and Valuation of Assets and Liabilities
Section 1: Timing of Profit and Loss Attribution 3-76
1.1 The Significance of the Timing of Profit and Loss Attribution / 3-76
1.2 The principle of determining rights and obligations / 3-77
1.3 Attribution Period by Income Type / 3-82
1.4 Reserves and Provisions / 3-85
Section 2 Acquisition Cost and Valuation of Assets 3-88
2.1 Acquisition Cost of Assets / 3-88
2.2 Valuation of Assets and Liabilities / 3-90
Chapter 4 Denial of Unfair Act Calculation
Section 1 Denial of Unfair Act Calculation 3-94
1.1 Significance / 3-94
1.2 Application Requirements and Effects / 3-95
Section 2 Poem 3-99
Section 3 Types of Denial of Unfair Act Calculation 3-102
Chapter 5 Corporate Tax and Other Corporate Taxes
Section 1 Tax Base 3-110
Section 2 Taxation Special Provisions for Land Transfer Income, etc. 3-116
Section 3 Income Disposition 3-118
3.1 The Significance of Income Disposition / 3-118
3.2 External Leakage / 3-119
3.3 Internal Reservation / 3-125
3.4 Income Disposition at Estimation Time / 3-127
Section 4 Tax Credits 3-128
4.1 Significance / 3-128
4.2 Foreign Tax Credit / 3-129
4.3 Due to accounting treatment that is different from the facts
Tax deductions based on corrections / 3-132
Section 5 Corporate Tax Payment Procedures 3-134
5.1 Confirmation of Tax Base and Tax Amount / 3-134
5.2 Payment of Taxes / 3-135
5.3 Decision? Correction / 3-135
5.4 Admissions / 3-137
5.5 Surtax / 3-137
Section 6 Corporate Tax on Liquidation Income 3-138
Section 7 Corporate Tax for Nonprofit Corporations 3-140
7.1 Significance / 3-140
7.2 Profitable Businesses / 3-141
7.3 Special Purpose Business Reserve Fund / 3-143
Section 8 Corporate Tax Trust Property for Each Fiscal Year
Special Taxation Provisions on Corporate Income 3-145
Chapter 6 Taxation of Corporate Restructuring
Section 1 Merger 3-148
1.1 Taxation System for Mergers / 3-148
1.2 Taxation of Capital Gains of Merged Corporations / 3-151
1.3 Taxation of Merged Corporations / 3-152
1.4 Limitations on deductions for loss carryforwards, etc. / 3-154
1.5 Taxation of Shareholders of Merged Corporations / 3-156
Section 2 Division and In-Kind Contribution 3-157
2.1 Taxation System and Tax Special Provisions for Splits / 3-157
2.2 Tax Special Provisions for In-Kind Contributions / 3-161
Section 3 Consolidated Tax 3-162
3.1 Consolidated Tax Theory / 3-162
3.2 Application of the Consolidated Tax Payment System / 3-164
3.3 Calculation of Tax Base and Tax Amount / 3-166
Chapter 7 Tax Obligations of Foreign Corporations and Non-Residents
Section 1 Scope of Taxable Income and Taxpayers 3-172
Section 2 Taxation Method 3-177
Section 3 Domestic Business Establishments 3-180
Section 4 Branch Tax 3-182

PART 4 ​​Inheritance Tax and Gift Tax Law

Chapter 1 General Provisions
Section 1 Basic Concepts of Inheritance 4-4
1.1 Inheritance under the Civil Act / 4-4
1.2 Acceptance and Waiver of Inheritance / 4-7
1.3 Division of Inheritance / 4-8
1.4 Inheritance Tax Method / 4-9
Section 2 Purpose and Definition 4-11
Section 3 Taxable Items 4-16
3.1 Inheritance Tax Subjects / 4-16
3.2 Gift Tax Subjects and Acquisition Date / 4-18
3.3 Division by Agreement between Co-Heirs / 4-20
3.4 Return of Donated Property / 4-22
Section 4 Payment Obligations 4-25
4.1 Inheritance Tax Payment Obligation / 4-25
4.2 Gift Tax Payment Obligation / 4-27
Chapter 2 Inheritance Tax
Section 1 Inheritances and Tax Exemptions 4-34
1.1 Inheritance Tax Calculation Structure / 4-34
1.2 Inheritance of the Agenda / 4-35
1.3 Inheritance Tax Exemption / 4-37
Section 2 Inheritance Tax Amount 4-39
2.1 Inheritance Tax Amount / 4-39
2.2 Public charges, etc. deducted from the value of inherited property / 4-42
2.3 Presumption of Inheritance of Disposed Property, etc. before the Inheritance Commencement Date / 4-45
Section 3 Inheritance Deduction 4-48
3.1 Basic Personal Deductions and Batch Deductions / 4-48
3.2 Business Inheritance Deduction / 4-49
3.3 Agricultural Inheritance Deduction / 4-55
3.4 Spousal Inheritance Deduction / 4-56
3.5 Financial Asset Inheritance Deduction / 4-60
3.6 Disaster Loss Deduction / 4-61
3.7 Cohabitation Housing Inheritance Deduction / 4-62
3.8 Inheritance Deduction Limit / 4-63
Section 4 Inheritance Tax 4-65
4.1 Tax Base and Tax Rate / 4-65
4.2 Tax Deductions / 4-66
Section 5 Reporting, Decisions, and Payment 4-69
5.1 Inheritance Tax Reporting and Determination / 4-69
5.2 Special Cases for Claims for Corrections, etc. / 4-70
5.3 Installment Payment of Inheritance Tax / 4-71
5.4 Payment of Inheritance Tax in Kind / 4-73
Chapter 3 Gift Tax
Section 1 Calculation of Gift Property Value 4-78
1.1 Gift of Trust Interests / 4-78
1.2 Donation of Insurance Proceeds / 4-79
1.3 Gift of profits from low-price acquisition or high-price transfer / 4-80
1.4 Gifts for Debt Forgiveness, etc. / 4-82
1.5 Gift of Profits from Free Use of Real Estate / 4-83
1.6 Gift of Profits from Free Loans, etc. / 4-85
1.7 Donation of Profits from Capital Transactions / 4-86
1.8 Gift of Profits from Excess Dividends / 4-90
1.9 Benefits from Listing / 4-92
1.10 Donation of Profits from Mergers, etc. / 4-93
1.11 Conversion of convertible bonds, etc. into stocks, etc.
Donation of Profits / 4-94
1.12 Increase in Value After Acquisition of Property / 4-95
Section 2 Presumption of Gift and Gift Agenda 4-98
2.1 Presumption of Gift and Gift Agenda / 4-98
2.2 Presumption of Gift of Property Transferred to Spouse, etc. / 4-99
2.3 Presumption of Gift of Funds for Property Acquisition, etc. / 4-100
2.4 Donation of Trust Property / 4-103
2.5 Through transactions with special related corporations
Profit Donation Agenda / 4-108
2.6 Provided by a special related corporation
Donation of Profits Arising from Business Opportunities / 4-111
2.7 Through transactions with specific corporations
Profit Donation Agenda / 4-113
Section 3 Calculation and Payment of Gift Tax 4-117
3.1 Gift Tax Calculation Structure / 4-117
3.2 Gift Tax Special Provisions / 4-118
3.3 Tax-Exempt Gifts / 4-119
3.4 Burdened Gift / 4-120
3.5 Re-gift Combined Taxation / 4-121
3.6 Gift Property Deduction / 4-123
3.7 Tax Deduction and Payment Procedures / 4-125
Chapter 4 Common Matters Concerning Inheritance Tax and Gift Tax
Section 1 Valuation of Property 4-128
1.1 Principles of Property Valuation / 4-128
1.2 Supplementary Evaluation Methods / 4-130
Section 2 Exclusion from Taxable Amount 4-134
2.1 Exclusion from Inheritance Tax and Gift Tax / 4-134
2.2 Exclusion of Taxable Amount for Stock Contributions / 4-136
2.3 Post-Management of Donated Assets / 4-138
2.4 Management of Public Interest Corporations / 4-141
2.5 Property donated to a disabled person
Exclusion from taxable amount / 4-143
★ Search 4-144