Losses from the evaluation of assets held by a domestic corporation shall not be included in deductible expenses for the purpose of calculating the amount of income of the domestic corporation for each business year; provided, the losses from evaluation incurred by evaluating assets under Article 42 (2) and (3) shall be included in deductible expenses. <Amended on Dec. 24, 2018>[This Article Wholly Amended on Dec. 30, 2010]
Laws › Corporate Tax Act › Sub-Section 3 Calculation of Deductible Expenses
Corporate Tax Act — Article 22 (Non-inclusion of losses from evaluation of assets in deductible expenses)
법인세법 제22조
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.
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool:
https://mcp.apify.com?tools=kr-data/korea-law