(1) Where a domestic corporation (excluding a non-profit domestic corporation and a corporation with the income on which corporate tax is not imposed or fully exempt under this Act or other statutes) fails to fulfill the obligation to keep books of accounts and to make entries in the books pursuant to Article 112, it shall pay any of the following penalty taxes, whichever is larger, in addition to the corporate tax for the relevant business year:1. 20/100 of the calculated amount of tax;2. 7/10,000 of the amount of income.
(2) The penalty tax in paragraph (1) shall be collected although the calculated amount of tax is nil.[This Article Added on Dec. 24, 2018]