(1) Where a wage and salary income earner who retires in the middle of a taxable period and is newly hired submits a report of income deduction and tax credits for wage and salary income including wage and salary income received between January of the relevant taxable period and the month in which he/she retires arrives, in accordance with Article 140 (1), the withholding agent shall withhold income taxes on the aggregate of wage and salary paid at both the former and new workplace, in accordance with Article 137. <Amended by Act No. 10408, Dec. 27, 2010; Act No. 12169, Jan. 1, 2014>
(2) Paragraph (1) shall apply mutatis mutandis to withholding income tax of a person who retires in the middle of the relevant taxable period, and is re-employed after paying the income tax pursuant to Article 137, and retires again in the middle of such taxable period.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]