Article 1(Purpose) #
The purpose of this Act is to prescribe the issuance and management of revenue stamps and the payment of annual revenue by means of revenue stamps.
[This Article Wholly Amended on Mar. 25, 2009]
Article 2(Issuance and management of revenue stamps) #
(1) Revenue stamps, including revenue stamps that are issued by information and communications networks (hereinafter referred to as "electronic revenue stamps"; hereinafter the same shall apply), shall be issued and managed by the Minister of Economy and Finance. <Amended on Dec. 18, 2012>
(2) Electronic revenue stamps shall be classified as follows, based on a form of issuance and the features of a taxable document: <Added on Dec. 30, 2014; Jun. 9, 2020>
1. An electronic revenue stamp for paper documents: An electronic revenue stamp affixed to paper documents in printed form;
2. An electronic revenue stamp for electronic documents: An electronic revenue stamp affixed to electronic documents in the form of electronic information.
(3) The types, specifications, and shapes of revenue stamps shall be prescribed by Presidential Decree. <Amended on Dec. 30, 2014>
[This Article Wholly Amended on Mar. 25, 2009]
Article 3(Sale of revenue stamps) #
(1) Revenue stamps shall be sold at post offices, financial companies, etc. (hereinafter referred to as "financial companies, etc.") prescribed by Presidential Decree, or revenue stamp booths pursuant to Article 4 (3). <Amended on Dec. 18, 2012>
(2) In addition to selling revenue stamps pursuant to paragraph (1), in the case of electronic revenue stamps, the Minister of Economy and Finance may make a direct sale or sell through an administrative agency as prescribed by Presidential Decree to a person who intends to buy a revenue stamp through an agency (hereinafter referred to as "electronic revenue stamp agency") entrusted with business under Article 9 (2); provided, in the case of an electronic revenue stamp for electronic documents, the Minister of Economy and Finance may sell it only through the information and communications networks provided by electronic revenue stamp agencies. <Added on Dec. 18, 2012; Dec. 30, 2014>
[This Article Wholly Amended on Mar. 25, 2009]
Article 4(Contracts for sales of revenue stamps) #
(1) A person who intends to sell revenue stamps (hereinafter referred to as "seller"), other than post offices and financial companies, etc., shall conclude a contract for the sale of revenue stamps with the Minister of Economy and Finance. <Amended on Dec. 18, 2012>
(2) The qualification requirements for sellers shall be prescribed by Presidential Decree.
(3) In order to sell revenue stamps, a seller shall establish a revenue stamp booth at a place designated by the Minister of Economy and Finance.
[This Article Wholly Amended on Mar. 25, 2009]
Article 4-2(Matters to be observed by sellers of revenue stamps) #
In order to smoothly manage the demand for and supply of revenue stamps, a seller shall observe the following relevant matters: <Amended on Jun. 9, 2020>
1. In the case of a seller of electronic revenue stamps:
(a) The seller shall ensure that electronic revenue stamps are not counterfeited or falsified, or that the personally identifiable information of a person who intends to purchase electronic revenue stamps is not divulged, with due attention to security for computers and related devices;
(b) Other matters prescribed by Presidential Decree, which are necessary to smoothly manage the demand for and supply of electronic revenue stamps.
2. In the case of a seller other than one referred to in subparagraph 1:
(a) Revenue stamps (excluding electronic revenue stamps; hereafter the same shall apply in this subparagraph) shall be secured in a quantity not less than the expected demand;
(b) The seller shall sell revenue stamps at a fixed price;
(c) Other matters prescribed by Presidential Decree, which are necessary to smoothly manage the demand for and supply of revenue stamps.
[This Article Added on Dec. 27, 2016]
[Previous Article 4-2 moved to Article 4-3 <Dec. 27, 2016>]
Article 4-3(Purchase of electronic revenue stamps) #
A person who intends to purchase electronic revenue stamps may purchase them by a credit card, debit card, electronic payment using information and communications networks, or similar method through the payment system provided by an electronic revenue stamp agency.
[This Article Added on Dec. 18, 2012]
[Moved from Article 4-2 <Dec. 27, 2016>]
Article 5(Payment of state’s annual revenue by means of revenue stamps) #
(1) When a person pays a tax or other annual revenue of the State by means of stamps as prescribed by statutes, he or she shall use a revenue stamp.
(2) Fees, fines, minor fines, administrative fines, money collected as a criminal penalty, litigation costs and costs for non-contentious cases, which shall be paid to the State, may be paid with revenue stamps.
[This Article Wholly Amended on Mar. 25, 2009]
Article 6(Commissions) #
(1) The State shall pay commissions to post offices and financial companies, etc., which sell revenue stamps as prescribed by Presidential Decree, as well as the Bank of Korea and electronic revenue stamp agencies, which manage revenue stamps in accordance with this Act. <Amended on Dec. 18, 2012>
(2) Post offices, financial companies, etc., and electronic revenue stamp agencies shall pay to the State an amount calculated by subtracting commissions pursuant to paragraph (1) from sale proceeds of revenue stamps. <Amended on Dec. 18, 2012>
(3) When the State sells revenue stamps to sellers, it shall sell them at a discount, as prescribed by Presidential Decree.
[This Article Wholly Amended on Mar. 25, 2009]
Article 7(Supervision) #
(1) In order to appropriately manage revenue stamps, the Minister of Economy and Finance may give necessary directions to the Bank of Korea, electronic revenue stamp agencies or post offices and financial companies, etc. or may allow public officials under his or her supervision to examine necessary matters. <Amended on Dec. 18, 2012>
(2) The Bank of Korea and electronic revenue stamp agencies may request post offices, financial companies, etc. or revenue stamp booths to submit data necessary for the management of revenue stamps. <Amended on Dec. 18, 2012>
[This Article Wholly Amended on Mar. 25, 2009]
Article 8(Liability for compensation) #
Article 4 (3) and (4) and Article 6 through 8 of the Act on Liability of Accounting Personnel, Etc. shall apply mutatis mutandis to persons who are appointed by the Governor of the Bank of Korea, the heads of financial companies, etc. or persons entrusted by them to receive, deliver, and keep revenue stamps. <Amended on Dec. 18, 2012>
[This Article Wholly Amended on Mar. 25, 2009]
Article 9(Entrustment of business) #
(1) Business concerning the management of revenue stamps (excluding electronic revenue stamps) and the conclusion of sales contracts, etc. thereof by the Minister of Economy and Finance under this Act shall be partially entrusted to the Bank of Korea, as prescribed by Presidential Decree.
(2) The Minister of Economy and Finance may partially entrust business concerning the management of electronic revenue stamps and the conclusion of sales contracts, etc. thereof to a related professional agency, as prescribed by Presidential Decree.
[This Article Wholly Amended on Dec. 18, 2012]
Article 9-2 #
Deleted. <Jan. 29, 1999>
Article 10(Re-examination of regulation) #
The Minister of Economy and Finance shall examine the appropriateness of the matters to be observed by sellers under Article 4-2 every three years from January 1, 2017 (referring to the period that ends on the day before January 1 every third year) and shall take measures, such as making improvements.
[This Article Added on Dec. 27, 2016]