Corporate Tax Act — Article 124 (Administrative fines for non-compliance with order)

The head of the tax office having jurisdiction over the place of tax payment shall impose an administrative fine not exceeding 20 million won on a corporation that fails to comply with any of the following orders: <Amended on Dec. 31, 2024>

1. Orders for credit card merchants in Article 117 (5);

2. Orders for cash receipt merchants in Article 117-2 (8).

3. Orders issued to a virtual asset business entity under Article 120-4 (2).[This Article Added on Dec. 24, 2018]