Where a withholding agent is unable to withhold taxes on income generated from the transfer of a painting, calligraphic work, or antique under Article 21 (2) because it is impracticable to withhold taxes under Article 127 (1) in any of the cases specified by Presidential Decree, the person who receives the income generated from the transfer of the painting, calligraphic work, or antique shall be deemed a withholding agent under Article 127 (1) for the purpose of applying this Act to such person. <Amended on Dec. 29, 2020>[This Article Newly Inserted by Act No. 12852, Dec. 23, 2014]
Laws › Income Tax Act › SECTION 3 Special Cases concerning Tax Withholding
Income Tax Act — Article 155-5 (Special Cases concerning Withholding Taxes on Income Generated from Transfer of Paintings, Calligraphic Works, and Antiques)
소득세법 제155조의5
This English translation is based on the Korean text effective 2024-05-17. The Korean law has since been amended (current version effective 2026-07-01) — check the Korean original.
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