(1) A domestic corporation shall deduct the following amounts of corporate tax (excluding penalty tax) from the calculated amount of corporate tax on income for each business year and pay it as corporate tax on income for each business year by the filing deadline prescribed in Article 60 to the tax office, etc. having jurisdiction over the place of tax payment: <Amended on Dec. 24, 2018>
1. The amount of tax reduced or exempted and tax credits for the relevant business year;
2. The interim tax for the relevant business year under Article 63-2;
3. The amount of occasionally imposed tax for the relevant business year under Article 69;
4. The amount of withheld tax for the relevant business year under Articles 73 and 73-2.
(2) Where the amount of tax payable by a domestic corporation under paragraph (1) exceeds 10,000,000 won, some of the tax payable may be paid in installments within one month (two months for small and medium enterprises) after expiration of the payment deadline, as prescribed by Presidential Decree. <Amended on Dec. 24, 2018>[This Article Wholly Amended on Dec. 30, 2010]