(1) A financial company, etc. obligated to withhold tax under Article 127 (1) (hereafter referred to in this Article as "financial company, etc. required to submit data") shall submit and retain the following data necessary for taxing financial investment income to the head of the tax office having jurisdiction over the place for tax payment, in accordance with the following subparagraphs:
1. Data prescribed by Presidential Decree, such as transaction records of financial investment instruments taxable as financial investment income under Article 87-6 (referring to financial investment instruments as defined in Article 3 of the Financial Investment Services and Capital Markets Act; hereafter the same shall apply in this paragraph): To be submitted by the 10th day of the second month following the end of the half-year term in which the transaction or activity falls, and retained for five years from the end of the taxable period in which the transaction or activity occurs;
2. Data prescribed by Presidential Decree on the holdings of financial investment instruments taxable as financial investment income under Article 87-6 as of January 1 of each year: To be submitted by February 10 of each year and retained for five years from the end of the taxable period in which the submission occurs.
(2) The Commissioner of the National Tax Service may request data necessary for the taxation of financial investment income from institutions related to financial investment business as defined in Article 9 (17) of the Financial Investment Services and Capital Markets Act and other persons prescribed by Presidential Decree (hereinafter referred to as "institutions related to financial investment business, etc."). In such cases, the requested institutions related to financial investment business, etc. shall submit the data to the Commissioner of the National Tax Service within two months from the end of the month in which they receive the request.
(3) Financial companies, etc. required to submit data and institutions related to financial investment business, etc. may apply for an extension of the submission deadline specified in paragraph (1) or the latter part of paragraph (2) if there is a good cause as prescribed by Presidential Decree.
(4) The method and procedure for submitting data necessary for taxing financial investment income, and other necessary matters shall be prescribed by Presidential Decree.[This Article Wholly Amended on Dec. 8, 2021][Enforcement Date: Jan. 1] Article 174-2