ARTICLE 164 (SUBMISSION OF PAYMENT DETAILS)

Any person who pays income in Korea to an individual subject to income tax liability under Article 2 (including corporations, persons who act as agents for payment of income or are delegated or entrusted with such authority under Article 127(5), tax associations under Article 150, persons whose place of tax payment for withholding tax is their head office or principal office under Article 7 or Article 9 of the Corporate Tax Act, and business entities subject to business unit taxation under the latter part of Article 8(3) of the Value-Added Tax Act) shall submit payment details to the head of the district tax office, the commissioner of the regional tax office, or the commissioner of the national tax office having jurisdiction over withholding tax by the last day of February of the year following the taxable period to which the payment date (in the case of income subject to Articles 131, 135, 144-5, or 147, the last day of the taxable period for such income; hereinafter the same applies in this paragraph) belongs. However, in the case of business income subject to withholding tax under subparagraph 3, earned income or retirement income under subparagraph 4, income of religious persons among other income under subparagraph 6, and service fees under subparagraph 7, the payment details shall be submitted by March 10 of the following year, and in the case of suspension of business, closure of business, or dissolution, by the last day of the second month following the month in which the suspension date, closure date, or dissolution date falls. Provided that, in the case of earned income of daily workers as prescribed by Presidential Decree among earned income under subparagraph 4, payment details shall be submitted by the last day of the month following the month in which the payment date falls (in the case of suspension of business, closure of business, or dissolution, by the last day of the month following the month in which the suspension date, closure date, or dissolution date falls). <Amended on Dec. 27, 2010, Jan. 1, 2013, June 7, 2013, Dec. 15, 2015, Dec. 31, 2018, Dec. 31, 2019, Dec. 29, 2020, Mar. 16, 2021, Dec. 31, 2024> 1. Interest income 2. Dividend income 3. Business income subject to withholding tax 4. Earned income or retirement income 5. Pension income 6. Other income (excluding service fees under subparagraph 7) 7. Service fees as prescribed by Presidential Decree 8. Insurance profits from long-term savings insurance as prescribed by Presidential Decree 9. Omitted <Dec. 31, 2024>

A person required to submit payment details under paragraph ① shall submit them via the information and communication network as defined in Article 2(18) of the National Tax Basic Act or through electronic storage media such as diskettes. In this case, a person paying income prescribed by Presidential Decree among the subparagraphs of paragraph ① may submit them through methods prescribed by Presidential Decree, such as a cash receipt issuance device under Article 126-3 of the Restriction of Special Taxation Act.

If any document related to withholding tax, which is submitted according to Presidential Decree by a withholding agent, is equivalent to payment details, it shall be deemed that payment details have been submitted for the submitted portion.

If simplified payment details for income under Article 164-3(1)2 (excluding business income prescribed by Presidential Decree under Article 73(1)4) or 3 are submitted, it shall be deemed that payment details have been submitted for the submitted portion. <Newly added on Dec. 31, 2022>

The acts of a person acting as an agent for the payer under paragraph ① or a person to whom authority has been delegated shall be regarded as the acts of the principal or the delegator within the scope of authorization or delegation, and paragraph ① shall apply. <Amended on Dec. 31, 2022>

Matters necessary for the submission of payment details under paragraphs ① through ⑩ shall be prescribed by Presidential Decree. <Amended on Dec. 31, 2022>