Income Tax Act — Article 128-2 (Special Cases concerning Penalty Tax for Late Payment of Withholding Tax)

Where a withholding agent or any person who is to deduct withholding tax pursuant to Articles 156 and 156-3 through 156-6 is the State, a local government, or the association of local governments (hereafter referred to as the "State, etc." in this Article) and a person who receives wage and salary income from the State, etc. fails to pay or underpays the tax amount which the State, etc. should withhold, within the designated period for payment thereof because he/she got a deduction or tax credit from his/her income unjustly by inaccurately preparing a return on income deduction and tax credit for wage and salary income under Article 140 (1), the State, etc. shall collect such tax amount to be collected and the penalty tax amount under Article 47-5 (1) of the Framework Act on National Taxes from such wage and salary income earner and pay them. <Amended by Act No. 12169, Jan. 1, 2014>[This Article Newly Inserted by Act No. 11146, Jan. 1, 2012][Title Amended on Dec. 29, 2020]