If interest income and dividend income which are included in a resident's tax base of global income (hereafter referred to as "interest income, etc." in this Article) exceed the global taxation threshold (hereafter referred to as "global taxation threshold" in this Article) on interest income, etc., the calculated amount of global income tax of the relevant resident shall be the greater of the following amounts, but if such income does not exceed the global taxation threshold, the amount of subparagraph 2 shall apply. In such cases, when a resident has any dividend income under Article 17 (1) 8, such dividend income shall not be deemed interest income, etc.: <Amended by Act No. 10408, Dec. 27, 2010; Act No. 12852, Dec. 23, 2014; Act No. 14389, Dec. 20, 2016; Act No. 16104, Dec. 31, 2018>
1. The sum of the following tax amounts:(a) The calculated tax on the amount calculated by aggregating the excess of the global taxation threshold among the amount of interest income, etc. and the amount of other global income excluding the amount of interest income, etc.;(b) The tax amount calculated by applying the tax rate specified in Article 129 (1) 1 (d) to the global taxation threshold;
2. The sum of the following tax amounts:(a) The tax amount calculated by applying the tax rates specified in Article 129 (1) 1 and 2 to interest income, etc.: Provided, That the tax rate specified for each category of income in the following shall apply to the relevant income:(i) Deleted. <Act No. 16104, Dec. 31, 2018>;(ii) Income under Article 16 (1) 11, out of interest income, etc. not subject to tax withholding under Article 127: The tax rate specified in Article 129 (1) 1 (b);(iii) Interest income, etc., exclusive of the income specified in Article 16 (1) 11, out of interest income, etc. not subject to tax withholding under Article 127: The tax rate specified in Article 129 (1) 1 (d);(b) The calculated tax amount on the amount of other global income excluding the interest income, etc.: Provided, That where the amount of relevant tax is less than an aggregate of taxes calculated (hereafter referred to as "comparative tax on global income" in this item) by applying the tax rate specified in Article 129 (1) 1 (d) to the dividend income under Article 17 (1) 8, and the calculated tax on the amount of other global income excluding the interest income, etc. and the dividend income under Article 17 (1) 8, it shall be the comparative tax on global income.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]