(1) Where a withholding agent who is to pay retirement income fails to pay retirement income of a person who has retired from his/her service between January and November, by December 31 in the relevant taxable period, income tax shall be withheld at source, deeming that such retirement income was paid on the 31st day of December. <Amended by Act No. 10408, Dec. 27, 2010>
(2) Where a withholding agent fails to pay retirement income of a person who has retired in December by the end of February of the following year, income tax shall be withheld at source, deeming that such retirement income was paid at the end of February of the following year. <Amended by Act No. 10408, Dec. 27, 2010>
(3) Deleted. <by Act No. 11611, Jan. 1, 2013>
(4) Paragraphs (1) and (2) shall not apply to retirement income under Article 22 (1) 1. <Amended by Act No. 11611, Jan. 1, 2013>[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]