Income tax on financial investment income (hereinafter referred to as "financial investment income tax") shall be calculated in accordance with the following subparagraphs:
1. Calculated tax on financial investment income: Calculated by applying the tax rate specified in Article 87-19 to the tax base of financial investment income;
2. Final tax on financial investment income: Calculated by deducting the amount of reduced or exempted tax under Article 87-20 (if any) from the amount of calculated tax on financial investment income calculated under subparagraph 1;
3. Gross final tax on financial investment income: Calculated by adding the penalty taxes under Articles 47-2 through 47-4 of the Framework Act on National Taxes to the amount of final tax on financial investment income calculated under subparagraph 2.[This Article Newly Inserted on Dec. 29, 2020][Enforcement Date: Jan. 1, 2025] Article 87-5