(1) Notwithstanding Article 121 or Article 163 of the Income Tax Act, where a corporation supplied with goods or services from any other corporation or a business operator registered under Article 168 of the Income Tax Act (hereafter referred to as a "business operator" in this paragraph) in connection with its business fails to receive an invoice due to the bankruptcy or closure of the corporation or business operator that has supplied the goods or services, cancellation or modification of the supply contract, or any other reasons prescribed by Presidential Decree, such corporation may issue an invoice (hereinafter referred to as "purchaser-issued invoice) with approval of the head of the tax office having jurisdiction over the place of tax payment.
(2) The cases and methods of issuing purchaser-issued invoices and other necessary matters shall be prescribed by Presidential Decree.[This Article Added on Dec. 31, 2022]