(1) The taxable period of income tax shall be one year from January 1 to December 31.
(2) Where a resident dies, the taxable period shall be from January 1 to the date he/she dies.
(3) Where a resident becomes a nonresident because he/she changes his/her domicile or place of residence overseas (hereinafter referred to as "departure from the Republic of Korea"), the taxable period shall be from January 1 to the date he/she leaves the Republic of Korea.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]