Article 1(Purpose) #
The purpose of this Act is to provide for matters necessary for the adjustment, etc. of national taxes and local taxes.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
Article 2(National Taxes) #
The State shall levy the following national taxes:
1. Income tax;
2. Corporate tax;
3. Inheritance tax and gift tax;
4. Comprehensive real estate holding tax;
5. Value-added tax;
6. Individual consumption tax;
7. Traffic, energy and environment tax;
8. Liquor tax;
9. Stamp duty;
10. Securities transaction tax;
11. Education tax;
12. Special tax for rural development;
13. Revaluation tax;
14. Customs duty;
15. Provisional import surtax.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
Article 3(Local Taxes) #
Local governments shall levy local taxes based on the following classification:
1. Ordinary taxes:
(a) Acquisition tax;
(b) Registration and license tax;
(c) Leisure tax;
(d) Tobacco consumption tax;
(e) Local consumption tax;
(f) Resident tax;
(g) Local income tax;
(h) Property tax;
(i) Automobile tax.
2. Earmarked taxes:
(a) Local resource and facility tax;
(b) Local education tax.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
Article 4(Prohibition of Double Taxation) #
The State and local governments shall not enact any tax Act in any name in which taxable items are duplicate except as otherwise provided in this Act.
[This Article Wholly Amended by Act No. 12226, Jan. 14, 2014]
Article 5(Concession of National Taxes to Local Governments) #
(1) Deleted. <by Act No. 7061, Jan. 16, 2004>
(2) Deleted. <by Act No. 7253, Dec. 30, 2004>
[This Article Newly Inserted by Act No. 4278, Dec. 31, 1990]