Income Tax Act — Article 143-7 (Issuance of Withholding Tax Receipts for Pension Income)

A withholding agent shall issue a withholding tax receipt prescribed by Ordinance of the Ministry of Strategy and Finance, stating the amount of such pension income and other necessary matters, to the pension income earner when it pays pension income: Provided, That, it shall be deemed that a withholding agent issues a withholding tax receipt, where it notifies the person who receives pension income of the amount of the pension income and other necessary matters by the end of February of the year following the taxable period in which the pension income is paid (or by the end of the second month following the month in which the person dies, if such notice shall be given to a person who dies in the middle of the relevant taxable period) in accordance with the details and methods prescribed by Presidential Decree. <Amended by Act No. 11611, Jan. 1, 2013; Act No. 12852, Dec. 23, 2014>1. and 2. Deleted. <by Act No. 12852, Dec. 23, 2014>[This Article Wholly Amended by Act No. 10408, Dec. 27, 2010]