Income Tax Act — Article 46-2 (Special Cases concerning Calculation of Interest Income due to Early Cancellation)

Where interest income attributed to the taxable period which has already passed is reduced due to the early cancellation of a deposit or a trust contract after a taxpayer files a final tax return on the tax base of global income, the reduced amount of interest income may be deducted from interest income included in the global income for the taxable period to which the date of early cancellation belongs: Provided, That this shall not apply to where a taxpayer applies for reassessment of the tax base and the amount of tax pursuant to Article 45-2 of the Framework Act on National Taxes.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]