ENFORCEMENT DECREE OF THE MANAGEMENT OF THE NATIONAL FUNDS ACT

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ENFORCEMENT DECREE OF THE MANAGEMENT OF THE NATIONAL FUNDS ACT — 법갈피

Article 4(Determination of appropriate fiscal year for revenue and expenditure) #

(1) The pertinent fiscal year for revenue under Article 4-2(2) of the Act shall be determined as follows: <Amended on Sep. 15, 2015>

1. Revenue with a specified payment period: The year within which the last day of the payment due date (referring to the last day of the payment period before extension, if the payment period is extended under Article 13(3) hereof, Article 5(1) of the Framework Act on National Taxes, Article 8(3) of the Customs Act, or any other Act) falls; provided, revenues for which no payment notice has been issued during the fiscal year within which the last day of the payment period falls shall be deemed revenues for the year within which the relevant payment notices are issued;

2. Occasional revenues for which a payment notice shall be issued: The year in which the payment notice is issued;

3. Occasional revenues for which no payment notice is issued: The year in which the payment is made.

(2) The appropriate fiscal year for expenditure under Article 4-2(2) of the Act shall be determined as follows:

1. Principal and interest of State bonds and loans, annuities, etc.: The year in which the payment becomes due;

2. Various refunds, funds for coverage of losses, repayments, etc.: The year in which a decision is made to make the payment;

3. Salary, travel expenses, fees, etc.: The year in which the event giving rise to the payment occurs;

4. Use charges, storage fees, electricity charges, etc.: The year within which the period relevant to the cause of payment falls;

5. Construction costs, manufacturing costs, prices for purchased goods, transportation charges, subsidies, etc. which shall be paid after the other party to a contract completes performance: The year in which the decision to pay is made;

6. Other expenses: The year in which a written request for payment from a national fund or a written request for transfer from a national fund is issued.

[This Article Wholly Amended on Dec. 27, 2012]

Article 10(Electronic delivery of payment notice) #

(1) "A financial company, etc. prescribed by Presidential Decree" in Article 11(2) of the Act means a person designated by the Minister of Economy and Finance as an electronic delivery agency under Article 11(3) of the Act (hereinafter referred to as "electronic delivery agency") from among financial companies, etc. under Article 11(2). <Amended on Dec. 30, 2025>

(2) When a taxpayer or obligor applies for electronic delivery of payment notices pursuant to Article 11(3) of the Act, the revenue collection officer shall send payment notices to the electronic delivery agency by media for information and communications and programs under Article 46 of the Act (hereinafter referred to as the "digital budgeting and accounting system") and shall have the electronic delivery agency deliver the notices to the electronic mail address of the taxpayer or obligor.

(3) When a taxpayer or obligor applies for electronic delivery of payment notices in accordance with Article 11(3) of the Act, he or she shall submit a document (or an electronic document) stating the following matters: <Amended on Dec. 30, 2025>

1. Personal information, including the applicant's name (family and first name) and resident registration number;

2. The address or the domicile of the head office and the place of business;

3. The electronic mail address available for electronic delivery;

4. Other matters prescribed by Decree of the Ministry of Economy and Finance.

(4) If an electronic delivery agency intends to discontinue its electronic delivery service, it shall notify the Minister of Economy and Finance of its intention 1 month before the scheduled date of discontinuance and shall make a public announcement thereof to the general public. In such cases, the applicants for electronic delivery under Article 11(3) of the Act shall be notified thereof individually. <Amended on Dec. 30, 2025>

(5) When an electronic delivery agency has its designation as an electronic delivery agency revoked or discontinues electronic delivery service, it shall delete and remove personal information provided by a taxpayer or obligor to receive payment notices by electronic means from the information processing system, etc. of the agency.

(6) Expenses payable to an electronic delivery agency in accordance with Article 11(7) of the Act shall be paid by the head of the relevant central government agency for each case of delivery by the electronic delivery agency, and matters necessary for the calculation of such expenses, the methods of payment, etc. shall be prescribed by Decree of the Ministry of Economy and Finance. <Amended on Dec. 30, 2025>

(7) Provisions of the Framework Act on National Taxes shall apply to electronic delivery of payment notices of national taxes.

[This Article Wholly Amended on Dec. 27, 2012]

Article 18-2(Procedure for payment of local consumption tax collected by State) #

(1) In order to efficiently manage the receipt and payment of local taxes under Article 16-2 of the Act, the account of local consumption tax shall be opened with the Bank of Korea.

(2) When local consumption tax is collected, the revenue collection officer shall request the Bank of Korea to transfer the tax to the account of local consumption tax by the fifteenth day of the following month and submit a statement of collection of the tax to the Commissioner of the National Tax Service or to the Commissioner of the Korea Customs Service in the form prescribed by Decree of the Ministry of Economy and Finance. <Amended on Dec. 30, 2025>

(3) When the revenue collection officer of an office affiliated to the Korea Customs Service requests the Bank of Korea to transfer local consumption tax collected by him or her to the account of local consumption tax under paragraph (2), the Commissioner of the Korea Customs Service shall send a statement of collection of the tax to the Commissioner of the National Tax Service.

(4) The Commissioner of the National Tax Service shall review the statements of collection submitted by the revenue collection officer of an office affiliated to the National Tax Service (including the statements of collection received from the Commissioner of the Korea Customs Service under paragraph (3)), determine the payable amount of local consumption tax, and request the Bank of Korea to transfer the amount to the manager responsible for the payment of local consumption tax under Article 71 of the Local Tax Act.

(5) If the revenue collection officer of an office affiliated to the National Tax Service refunds an amount in excess of the collected amount of local consumption tax, the Commissioner of the National Tax Service shall request the Bank of Korea to transfer the amount equivalent to the excess amount from the account of local consumption tax to the account of the revenue collection officer of the affiliated office.

(6) When a revenue collection officer or the Commissioner of the National Tax Service requests the Bank of Korea to transfer or pay an amount in accordance with paragraph (2), (4), or (5), he or she shall send a written request, stating the matters prescribed by Decree of the Ministry of Economy and Finance thereon. <Amended on Dec. 30, 2025>

(7) Upon receipt of a request for transfer or payment under paragraph (2), (4), or (5), the Bank of Korea shall take necessary measures, without delay, and shall notify the revenue collection officer or the Commissioner of the National Tax Service of the results of such measures. In such cases, the deadline for disbursement of expenditure under Article 6 shall not apply.

(8) The Commissioner of the National Tax Service shall appoint an officer empowered to order receipts and disbursements from the account of local consumption tax and a public official in charge of accounts for local consumption tax, from among public officials of the National Tax Service, in order to have them perform the transfer and payment of funds to and from the account of local consumption tax under paragraph (1); provided, such appointment may be substituted by placing to the positions established in the relevant office.

(9) When the Commissioner of the National Tax Service appoints the officer empowered to order receipts and disbursements from the account of local consumption tax, he or she shall notify the Board of Audit and Inspection of the appointment, while he or she shall notify the Board of Audit and Inspection and the Bank of Korea of the appointment, when he or she appoints the public official in charge of accounts for local consumption tax.

[This Article Wholly Amended on Dec. 27, 2012]

Article 37(Return of unused remainder of agency operation expenses) #

(1) The public official in charge of the accounts of agency operation expenses shall return the unused remainder of agency operation expenses for each fiscal year to the relevant expenditure officer by January 20 of the following fiscal year. In such cases, Article 14(2) may apply mutatis mutandis to the method for returning the unused remainder of agency operation expenses of a diplomatic mission abroad (including state agencies established in a foreign country; hereinafter the same shall apply). <Amended on Sep. 15, 2015>

(2) Notwithstanding paragraph (1), if the public official in charge of the accounts of agency operation expenses has received a fund from the officer empowered to order receipts and disbursements of fund of prior use, he or she shall return the unused remainder of agency operation expenses for each fiscal year to the officer empowered to order receipts and disbursements of fund of prior use by January 20 of the following fiscal year. <Amended on Sep. 15, 2015>

(3) In cases of a diplomatic mission abroad or an officer stationed abroad, returning the unused remainder of agency operation expenses for each fiscal year may be substituted by deducting the unused remainder from the agency operation expenses to be disbursed to the diplomatic mission abroad or the officer stationed abroad for the following fiscal year.

(4) Notwithstanding paragraph (1), the unused remainder of agency operation expense can be carried forward with the approval of the public official in charge of the accounts to use it for the following year in the following cases:

1. The amount not paid after conducting the relevant causative act of payment;

2. The amount not paid, out of the amount of use of the government purchase cards used during the preceding fiscal year;

3. The expenses not paid after conducting the relevant causative acts of payment, out of expenses for facilities of a diplomatic mission abroad.

[This Article Wholly Amended on Dec. 27, 2012]

Article 40(Advance payment) #

(1) The expenses that may be paid in advance in accordance with Article 26 of the Act shall be as follows: <Amended on Aug. 6, 2014; Apr. 21, 2020; Feb. 13, 2024; Dec. 30, 2025>

1. Prices for machines, books, samples, or materials for experiments, which are purchased directly in a foreign country;

2. Expenses incurred in purchasing periodicals;

3. Rents of land or buildings and chartering fee;

4. Freight;

5. Wages payable to soldiers in the ranks, who are transferred to another military unit, are travelling on business, are called out in an emergency, participate in military maneuvers, or are on holidays, as on the pay reference date;

6. Expenses disbursed to state agencies, local governments, and public institutions defined by Article 4 of the Act on the Management of Public Institutions (hereinafter referred to as "state agencies and other public entities");

7. Expenses paid to persons who are engaged in research or survey in a foreign country;

8. Salaries paid to persons who work in places with limited transportation options or ship crew;

9. The national funds the disbursement of which is entrusted to a bank or any similar institution;

10. Expenses incurred in entrustment of administrative work, etc. (including cases of subparagraph 9);

11. Subsidies, charges, and grants;

12. Honorarium;

13. Expenses paid to organs of the United Nations;

14. Prices, compensations, or relocation expenses for the land purchased or expropriated by the State or objects fixed onto the land;

15. An amount not exceeding 70/100 of the contract amount as the prices for a contract for construction, manufacturing, or service (100/100 where the head of a central government agency consults thereon with the Minister of Economy and Finance as it is necessary for construction, etc. to proceed smoothly);

16. Expenses paid within the Republic of Korea to foreigners invited by the Government;

17. Prices disbursed to the Public Procurement Service for commodities procured under subparagraph 1 of Article 2 of the Government Procurement Act;

18. Expenses incurred in relief and recovery from disasters.

(2) Where the payment of salaries for public officials is entrusted to a bank or any similar institution under paragraph (1)9, the relevant amount may be deposited in the bank or institution to which the payment is entrusted in advance, at most, three days before the scheduled pay date.

(3) Where the expenses referred to in paragraph (1)15 are paid in advance, such expenses shall be paid within 14 days after the date on which the other party to the contract requests the payment after the relevant contract is concluded; provided, this shall not apply where it is impossible to make a payment due to any event beyond control and the other party to the relevant contract has been notified of the reason in writing.

[This Article Wholly Amended on Dec. 27, 2012]

Article 97(Reporting of results of collection of revenue) #

(1) The revenue collection officer, the finance officer, and the expenditure officer (hereinafter referred to as "revenue collection officer, etc.") shall prepare a report on the collection of revenue, a report of the amount of causative acts of expenditure, and a report on the amount of expenditure and submit them to the head of the central government agency to which each of them belongs, by the fifth day of the following month, and the head of each central government agency shall collect the reports and submit them to the Minister of Economy and Finance by the seventh day of the following month. <Amended on Dec. 30, 2025>

(2) Notwithstanding paragraph (1) and Article 92(6), the revenue collection officer, etc. shall close books of accounts as of the deadline for the settlement of receipts and disbursements and submit revised final reports to the head of the relevant central government agency by January 25, and the head of the central government agency shall collect the reports and submit them to the Minister of Economy and Finance by January 31. <Amended on Dec. 30, 2025>

(3) The public official in charge of accounts shall prepare a report on receipts and disbursements of funds and submit it to the revenue collection officer and the expenditure officer by the third day of the following month.

(4) The Minister of Economy and Finance may extend the deadline for the submission of reports that shall be submitted by the head of a central government agency in accordance with paragraph (1), upon receipt of a request from the head of the central government agency. <Amended on Dec. 30, 2025>

(5) The forms of the reports under paragraphs (1) and (3) shall be prescribed by Decree of the Ministry of Economy and Finance. <Amended on Dec. 30, 2025>

(6) The contents of the reports under paragraphs (1) through (3) and the guidelines for preparing such reports shall be determined by the Minister of Economy and Finance. <Amended on Dec. 30, 2025>

[This Article Wholly Amended on Dec. 27, 2012]

Article 105(Acting for or assisting accounting officials) #

(1) When administrative work of any of the following persons is entirely or partially entrusted to another public official under Article 40 of the Act, the head of the relevant central government agency or the entrusted public official shall notify thereof to the persons and institutions specified in the following subparagraphs:

1. Administrative work of a revenue collection officer: The Board of Audit and Inspection, the Bank of Korea or any cooperative bank;

2. Administrative work of a finance officer: The expenditure officer and the Board of Audit and Inspection;

3. Administrative work of an expenditure officer: The finance officer, the Board of Audit and Inspection, the Bank of Korea or any cooperative bank;

4. Administrative work of an officer empowered to order receipts and disbursements of fund of prior use: The finance officer, the public official in charge of accounts for fund of prior use, and the Board of Audit and Inspection;

5. Administrative work of a public official in charge of accounts of revenue: The revenue collection officer, the Board of Audit and Inspection, and the Bank of Korea or any cooperative bank;

6. Administrative work of a public official in charge of the accounts of agency operation expenses: The expenditure officer, the Board of Audit and Inspection, financial companies, etc.;

7. Administrative work of a public official in charge of accounts for fund of prior use: The expenditure officer, the officer empowered to order receipts and disbursements of fund of prior use, the Board of Audit and Inspection, and relevant financial companies, etc.

(2) The titles of a public official who performs entire administrative work on behalf of a revenue collection officer, a finance officer, an officer empowered to order receipts and disbursements of fund of prior use, a public official in charge of accounts of revenue, a public official in charge of the accounts of agency operation expenses, or a public official in charge of accounts for fund of prior use (hereafter referred to as "acting official" in this Article), a public official who performs part of administrative work on behalf of any of the officials specified above (hereafter referred to as "assistant official" in this Article) and a public official who performs administrative work on behalf of an assistant officer (hereafter referred to as "official acting for an assistant official") under Article 40 of the Act are as specified in the following table:

┌────────┬──────────┬──────────┬─────────────┐

│ Accounting official │ Title of acting official │ Title of assistant official │ Title of official acting for assistant official │

├────────┼──────────┼──────────┼─────────────┤

│ Revenue collection officer │ Acting revenue collection officer │ Assistant revenue collection officer │ Official acting for assistant revenue collection officer │

├────────┼──────────┼──────────┼─────────────┤

│ Financial Officer │ Acting Financial Officer │ Assistant Financial Officer │ Official acting for assistant finance officer │

├────────┼──────────┼──────────┼─────────────┤

│ Expenditure Officer │ Acting Expenditure Officer │ Assistant Expenditure Officer │ Official acting for assistant Officer │

├────────┼──────────┼──────────┼─────────────┤

│ Officer empowered to order receipts and │ PActing officer empowered to order receipts and │ Assistant officer empowered to order receipts and │ Official acting for assistant officer empowered to order receipts │

│ disbursements of fund of prior use │ disbursements of fund of prior use │ disbursements of fund of prior use │ and disbursements of fund of prior use │

├────────┼──────────┼──────────┼─────────────┤

│ Public official in charge of accounts of revenue │ Acting Public official in charge of accounts of revenue │ Assistant Public official in charge of accounts of revenue │ Official Acting for Public official in charge of accounts of revenue │

├────────┼──────────┼──────────┼─────────────┤

│ Public official in charge of the accounts of │ Acting public official in charge of │ Assistant public official in charge of │ Official acting for assistant public official │

│ agency operation expenses │ agency operation expenses │ the account of agency operation expenses │ in charge of the accounts of agency operation expenses │

├────────┼──────────┼──────────┼─────────────┤

│ Public official in charge of │ Acting public official in charge of │ Assistant public official in charge of │ Official acting for assistant public official │

│ accounts for fund of prior use │ accounts for fund of prior use │ accounts for fund of prior use │ in charge of accounts for fund of prior use │

└────────┴──────────┴──────────┴─────────────┘

[This Article Wholly Amended on Dec. 27, 2012]

ENFORCEMENT DECREE OF THE MANAGEMENT OF THE NATIONAL FUNDS ACT

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(National funds equivalent to cash) #

Article 4(Determination of appropriate fiscal year for revenue and expenditure) #

Article 5(Deadline for receipt of revenues) #

Article 6(Deadline for disbursement and payment of expenditure) #

Article 7(Deadline for returning disbursements) #

Article 8(Designation of revenue collection officer) #

Article 9(Notification of payment) #

Article 10(Electronic delivery of payment notice) #

Article 11(Scope of financial companies) #

Article 12(Provision of information about notification of payment) #

Article 13(Notification of payment deadline) #

Article 14(Procedure for receipt by revenue receipt officer) #

Article 15(Procedure for receipt by the Bank of Korea or any cooperative bank) #

Article 16(Concurrent office of accounting agencies) #

Article 17(Return of overpayment and erroneous payment) #

Article 17-2(Interest on overpayment or erroneous payment) #

Article 18(Notice of return of overpayment or erroneous payment by Bank of Korea or any cooperative bank) #

Article 18-2(Procedure for payment of local consumption tax collected by State) #

Article 19(Appointment of officer empowered to order receipts and disbursements of fund of prior use and public official in charge of accounts for fund of prior use) #

Article 20(Request for transfer of fund of prior use) #

Article 21(Notification of upper limit to disbursement of fund of prior use) #

Article 22(Procedure for disbursement of fund of prior use) #

Article 23(Notice of current status of accounts of fund of prior use and transfer of such fund) #

Article 24(Delegation of causative act of expenditure) #

Article 25(Restriction on causative act of expenditure) #

Article 26(Appointment of expenditure officer) #

Article 27(Rules for expenditure) #

Article 28(Methods of expenditure) #

Article 29(Processing of disbursement by national financial information system) #

Article 30(Disbursement by any means other than account transfer) #

Article 31(Scope of agency operation expenses) #

Article 32(Disbursement of agency operation expenses and opening of National Treasury deposit account) #

Article 33(Restriction on disbursement of agency operation expenses) #

Article 33-2(Causative act of payment and resolution on payment) #

Article 34(Use of government purchase cards) #

Article 35(Conclusion of agreement on use of government purchase cards) #

Article 36(Payment of agency operation expenses by cash) #

Article 37(Return of unused remainder of agency operation expenses) #

Article 38(Disbursement of agency operation expenses before beginning of fiscal year) #

Article 39(Use of agency operation expenses by diplomatic missions abroad) #

Article 40(Advance payment) #

Article 41(Approximated payment) #

Article 42(Expenses paid in excess of unspent amount) #

Article 43(Entrustment of administrative work for payment of expenses) #

Article 44(Keeping of books of accounts for entrusted expenses) #

Article 45(Return of disbursements) #

Article 46(Procedure for receiving disbursements returned to Bank of Korea or any cooperative bank) #

Article 50-2(Operation and management of integrated accounts) #

Article 51(Raising of funds) #

Article 52(Repayment of principal of raised funds and interest thereon) #

Article 53(Methods of issuing treasury bills) #

Article 54(Methods of public announcement) #

Article 55(Issuance of treasury bills through entrustment or underwriting) #

Article 56(Adjustment of amount issued of treasury bills) #

Article 57(Types of treasury bills) #

Article 58(Exchange, split, and consolidation of treasury bills) #

Article 59(Registration of treasury bills) #

Article 60(Exceptional issuance of securities) #

Article 61(Amendment of registration) #

Article 62(Cancellation of registration) #

Article 63(Registration of pledge) #

Article 64(Notice of registration) #

Article 65(Restriction on registered amount) #

Article 66(Perusal of register) #

Article 67(Submission of seal imprint) #

Article 68(Reporting of appointment of agent) #

Article 69(Notification of treasury bills) #

Article 70(Forms of request for registration) #

Article 85(Deposit of national funds) #

Article 86(Receipt and disbursement of national funds by Bank of Korea or any cooperative bank) #

Article 87(Duty of bank of Korea or any cooperative bank to make reports) #

Article 88(Duties of public officials in charge of accounts) #

Article 89(Inspection of books of accounts and safes of public officials in charge of accounts) #

Article 90(Inspection of other official funds) #

Article 91(Inspection report) #

Article 92(Books of accounts that accounting officials shall keep) #

Article 93(Keeping of revenue register, expenditure register) #