Article 81-14 (Additional Tax for Failure to Submit Statement of Expenses Related to Company Cars for Business Use)

Where a person required to keep double-entry books who has included expenses related to company cars for business use, etc., as necessary expenses pursuant to Article 33-2 (1) through (3) fails to submit the statement of expenses related to company cars for business use, etc. (hereinafter referred to as "statement" in this paragraph) under paragraph (4) of the same Article, or submits it with false information, such person shall pay an additional tax equivalent to the amount determined according to the following classifications, which shall be added to the final tax amount on comprehensive income for the relevant tax period. 1. Where the statement is not submitted: 1 percent of the amount included as necessary expenses for company cars for business use, etc., when filing a return under Articles 70 and 70-2 by the person required to keep double-entry books. 2. Where the statement is submitted with false information: 1 percent of the amount included as necessary expenses for company cars for business use, etc., when filing a return under Articles 70 and 70-2 by the person required to keep double-entry books, among the amount falsely stated in the statement.