Article 99-8 (Special Provisions on Deferral of Notice of Payment, etc. for Re-starting Small and Medium-sized Enterprise Owners)

The head of a tax office may defer the notice of payment or extend the designated payment deadline, etc. (hereinafter referred to as "extension of designated payment deadline, etc.") for a period determined by Presidential Decree, commencing from the day following the date of deferral of notice of payment or extension of designated payment deadline, etc., notwithstanding Articles 13 or 14 of the 「Act on Collection of National Taxes」, for the deferral of notice of payment or extension of designated payment deadline, etc. applied for by December 31, 2026, by a domestic resident who has received a loan for re-starting businesses from the Korea Technology Finance Corporation established under the 「Act on Promotion of Small and Medium Enterprises and Venture Businesses」 (hereinafter referred to as "Korea Technology Finance Corporation" in this Article), or who meets the following requirements as prescribed by Presidential Decree as of the date of application for deferral of notice of payment or extension of designated payment deadline, etc. (limited to deferral of notice of payment or extension of designated payment deadline, etc. for income tax, corporate tax, value-added tax, and taxes ancillary thereto) (hereinafter referred to as "re-starting small and medium-sized enterprise owner" in this Article), who meets all of the following requirements as of the date of application for deferral of notice of payment or extension of designated payment deadline, etc. and who applies for deferral of notice of payment or extension of designated payment deadline, etc. for reasons falling under any of subparagraphs 1 to 4 of Article 13 (1) of the 「Act on Collection of National Taxes」: 1. The average number of instances of tax delinquency in the five years prior to the application date and the amount of tax delinquency as of the application date are below the standards prescribed by Presidential Decree. 2. The average amount of revenue in the three taxable years prior to the application date (meaning the sales amount calculated according to accounting standards for businesses) is below the amount prescribed by Presidential Decree. 3. There has been no punishment or disposition under the 「Act on Punishment of Tax Crimes」, or no trial is pending in relation thereto, within the five years prior to the application date. 4. No investigation into a criminal tax offense under the 「Act on Punishment of Tax Crimes」 is pending as of the application date. 5. The person is fulfilling obligations under tax laws, such as the obligation to keep double-entry bookkeeping, as prescribed by Presidential Decree, as of the application date.