(1) A withholding agent who pays interest income or dividend income in the Republic of Korea shall issue a withholding tax receipt determined by Ordinance of the Ministry of Strategy and Finance, specifying the amount of such interest income or dividend income and other necessary matters to a person who receives income when he/she pays such income: Provided, That where a withholding agent notifies a person receiving interest income or dividend income of the amount of such interest income or dividend income and other necessary matters by March 31 of the year following the taxable period to which the date when the interest income or dividend income has made payment belongs, as prescribed by Presidential Decree, he/she shall be deemed to have issued the relevant withholding tax receipt. <Amended by Act No. 10408, Dec. 27, 2010; Jun. 9, 2020>
(2) A withholding agent under paragraph (1) may choose not to issue a withholding tax receipt where the amount of payment of interest income or dividend income does not exceed the amount prescribed by Presidential Decree: Provided, That he/she shall issue a withholding tax receipt or notify the recipient of income thereof pursuant to paragraph (1) in cases where he/she issues a withholding tax receipt pursuant to Article 133-2 (1) or the recipient of interest income or dividend income requests him/her to issue a withholding tax receipt.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]