Article 21 (Other Income)

Other income shall be income other than interest income, dividend income, business income, earned income, pension income, retirement income, and capital gains income, and shall be as prescribed in the following subparagraphs. <Amended by Act No. 11787, Jul. 31, 2009, Act No. 10633, Dec. 27, 2010, Act No. 11175, Jan. 1, 2012, Act No. 11633, Jan. 1, 2013, Act No. 12894, Dec. 23, 2014, Act No. 13558, Dec. 15, 2015, Act No. 14407, Dec. 20, 2016, Act No. 15192, Dec. 19, 2017, Act No. 16122, Dec. 31, 2018, Act No. 16579, Aug. 27, 2019, Act No. 17797, Dec. 29, 2020, Act No. 19552, Jul. 18, 2023, Act No. 20233, Dec. 31, 2024> 1. Prizes, rewards, bounties, subsidies, or similar monetary or non-monetary gains. 2. Monetary or non-monetary gains received from winning lottery tickets, prize coupons, or other lottery tickets. 3. Property gains obtained by participating in acts prescribed by the 「Act on Special Cases Concerning the Regulation and Punishment of Speculative Acts, etc.」 (whether legal or illegal shall not be considered). 4. Refunds received by purchasers of horse racing tickets under the 「Korea Racing Authority Act」, winner tickets under the 「Act on the Regulation and Promotion of Bicycle Racing and Boat Racing」, bullfighting game tickets under the 「Act on Bullfighting Games」, and sports promotion tickets under the 「National Sports Promotion Act」 (whether the act causing the refund is legal or illegal shall not be considered). 5. Monetary or non-monetary gains received by persons other than authors, performers, record producers, or broadcasting businesses as consideration for the transfer or use of copyright or neighboring rights. 6. Monetary or non-monetary gains received as consideration for the transfer, lease, or use of assets or rights falling under any of the following subparagraphs: a. Films. b. Tapes or films for radio or television broadcasting. c. Others similar to subparagraphs a and b as prescribed by Presidential Decree. 7. Monetary or non-monetary gains received as consideration for the transfer or lease of mining rights, fishery rights, aquaculture rights, industrial property rights, industrial information, trade secrets, trademark rights, goodwill (including leasehold rights of stores prescribed by Presidential Decree), rights arising from permits for the excavation of earth, sand, and stones, rights for the development and utilization of groundwater, or other similar assets or rights. 8. Monetary or non-monetary gains received as usage fees for the temporary lease of goods (including securities) or places. 8-2. Monetary or non-monetary gains received as usage fees below the scale prescribed by Presidential Decree for the lease of goods or places through a telemarketing sales intermediary under the 「Act on the Protection of Consumers in Electronic Commerce, etc.」 9. Income arising from the establishment or lease of servitudes or superficies (including rights established in the sky or underground) in connection with public projects as defined in Article 4 of the 「Act on Acquisition and Compensation for Public Works, etc.」 10. Income received due to breach or termination of a contract, falling under any of the following subparagraphs: a. Penalty for breach of contract. b. Damages. c. Interest received for the return of unjust enrichment. 11. Compensation received or ownership newly acquired through finding lost articles or discovering buried articles, and such compensation or assets. 12. Assets acquired as ownership by possessing ownerless property. 13. Economic benefits received by a special relationship person of a resident, non-resident, or corporation from such resident, non-resident, or corporation due to their special relationship, which are not deemed as salary, dividends, or gifts, as prescribed by Presidential Decree. 14. Prize money, dividend money, or similar monetary or non-monetary gains received by participating in acts of using slot machines (including video games), coin-operated machines, or other similar devices (hereinafter referred to as "slot machines, etc.") (hereinafter referred to as "prize money, etc."). 15. Income received by the original author of works belonging to literature, art, music, or photography (including illustrations and cartoons published in newspapers under the 「Act on the Promotion of Newspapers, etc.」 and periodicals under the 「Act on the Promotion of Periodicals, etc.」, and the translation of Korean creative works or classics into foreign languages or translation of foreign works into Korean) falling under any of the following subparagraphs: a. Manuscript fees. b. Royalties for copyright usage. c. Consideration received for works belonging to art, music, or photography. 16. Fees for brokerage of property rights. 17. Finder's fees. 18. Lump-sum payments upon termination of retirement pension funds for small enterprises and small business owners as prescribed by Presidential Decree. 19. Consideration received for the temporary provision of services falling under any of the following subparagraphs (excluding services subject to subparagraphs 15 through 17): a. Services provided to multiple individuals without an employment relationship, such as lectures, and consideration received therefor. b. Services provided for interpretation, enlightenment, or judging performances through radio or television broadcasting, and remuneration or similar consideration received therefor. c. Services provided by lawyers, certified public accountants, tax accountants, architects, surveyors, patent attorneys, or persons with other specialized knowledge or skills, utilizing such knowledge or skills, and receiving remuneration or other consideration. d. Other services provided without an employment relationship, receiving allowances or similar consideration. 20. Income disposed of as other income pursuant to Article 67 of the 「Corporate Tax Act」. 21. Income received as a lump-sum withdrawal, notwithstanding its nature, of amounts under Article 20-3 (1) 2 b and c. 22. Profits obtained by exercising stock options granted before retirement after retirement, or by exercising stock options granted without an employment relationship. 22-2. Compensation for job inventions received by employees, etc. or university faculty after retirement. 23. Bribes. 24. Monetary or non-monetary gains received through acts of mediation and embezzlement. 25. Deleted <by Act No. 17797, Dec. 29, 2020> 26. Income received by religious workers in relation to their activities as religious workers, such as performing religious rites, from religious organizations prescribed by Presidential Decree (hereinafter referred to as "religious income"). 27. Income arising from the transfer or lease of virtual assets as defined in Article 2 (1) of the 「Act on the Protection of Virtual Asset Users, etc.」 (hereinafter referred to as "virtual asset income").

The amount of other income shall be the amount remaining after deducting necessary expenses used therefor from the gross revenue for the relevant taxable period. <Amended by Act No. 17797, Dec. 29, 2020>

The specific scope of other income, calculation methods, and other necessary matters shall be prescribed by Presidential Decree. <Amended by Act No. 13558, Dec. 15, 2015, Act No. 17797, Dec. 29, 2020>