(1) If an entrepreneur makes a final return on the amount of tax refundable for each taxable period, the head of the tax office having jurisdiction over the place of tax payment shall refund such amount to the entrepreneur within 30 days (in cases falling under any subparagraph of paragraph (2), within 15 days) of the end of the final return period, as prescribed by Presidential Decree.
(2) Notwithstanding paragraph (1), if an entrepreneur makes a return on tax refund on any of the following grounds, the head of the tax office having jurisdiction over the place of tax payment may early refund the amount of tax refundable to the entrepreneur, as prescribed by Presidential Decree: <Amended on Dec. 20, 2016>
1. Where the entrepreneur qualifies for the zero tax rate prescribed in Articles 21 through 24;
2. Where the entrepreneur newly constructs, acquires, expands, or extends any of the business facilities prescribed by Presidential Decree;
3. Where the entrepreneur is in the process of implementing a financial restructuring plan prescribed by Presidential Decree.