Value-added Tax Act — Article 41 (Recalculation of Common Input Tax Amounts)

Where there is at least five percent difference in depreciable assets between the ratio under the pro rata criteria for common input tax amount less an input tax amount based on the pro rata calculation of common input tax amount and the ratio under the pro rata criteria for common input tax amount applied for the taxable period (if it is recalculated for a subsequent taxable period, the recalculated taxable period) in which the acquisition date of the depreciable assets is included, the amount of tax payable or the amount of tax refundable shall be recalculated as prescribed by Presidential Decree and returned and paid to the head of the competent tax office along with a final return for the relevant taxable period under Article 49.