(1) Where a simplified taxable person is converted to a general taxable person, an amount calculated according to the formula prescribed by Presidential Decree regarding the goods in stock, assets under construction, and depreciable assets (hereafter in this Article referred to as "goods in stock, etc.") at the time of such conversion may be deducted as an input tax amount.
(2) Matters necessary for the deductions of input tax amounts for goods in stock, etc., such as the scope of the goods in stock, etc. and the time of the application, shall be prescribed by Presidential Decree.