(1) For the purposes of tax-related Acts, if provisions concerning the reduction or exemption of income tax and those concerning tax credit are applied concurrently, such precedence of application shall be in the following order:
1. Reduction or exemption of income tax on income in the relevant taxable period;
2. Tax credit for which a carryforward is not recognized;
3. Tax credit for which a carryforward is recognized. In such cases, if an amount of tax is credited which occurs in the relevant taxable period and an amount is credited, yet carried forward from the preceding taxable period at the same time, the amount not credited, yet carried forward shall be credited first.
(2) and (3) Deleted. <by Act No. 12852, Dec. 23, 2014>[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]