A corporation with tax liability shall make an entry in its account books by the double entry bookkeeping system, and keep and preserve important evidentiary documents related to the account books; provided, the foregoing shall apply to a non-profit corporation only where the non-profit corporation engages in any profit-making business specified in Article 4 (3) 1 and 7 (the foregoing shall apply to a foreign non-profit corporation only where it earns domestic source income from such profit-making business). <Amended on Jan. 1, 2013; Dec. 24, 2018>[This Article Wholly Amended on Dec. 30, 2010]
Laws › Corporate Tax Act › CHAPTER VI SUPPLEMENTARY PROVISIONS
Corporate Tax Act — Article 112 (Keeping account books and making an entry in books)
법인세법 제112조
This English translation is based on the Korean text effective 2025-03-14. The Korean law has since been amended (current version effective 2026-07-01) — check the Korean original.
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