Regarding corporate tax report, payment, and determination of income accrued from domestic sources for each business year, paragraph 1 and 2 of article 57, article 58, article 58-3, article 59, article 60 (excluding an earned surplus settlement statement or deficits settlement statement of subparagraph 1, paragraph 2 of the same article), article 62 and article 63 to 64, article 66 to 71, article 73 to 75-9 are applicable (paragraph 1, article 97 of the Corporate Tax Act) to the following foreign corporation and the corporate tax base and the tax payable on income for each business year shall be reported and paid as well as domestic corporations in accordance with article 60 of the Corporate Tax Act and the like:

① A foreign corporation with a domestic place of business or a foreign corporation that has income accrued from transfer of real estate (also known as ‘a foreign corporation with a domestic place of business') is subject to payment and filing of report/general taxation.

② A foreign corporation with income accrued from transfer of real estate, but does not fall under ① is subject to payment and filing of a report/pay withholding tax.

Even though a foreign corporation does not have domestic source income that revert to the domestic place of business, the corporation shall file a report in accordance with Article 60 of the Corporate Tax Act and etc., if the corporation has domestic place of business.

2. Incomes subject to filing report

In case of a foreign corporation with domestic place of business, only domestic source income that revert to the domestic place of business is subject to general taxation and domestic source income that doesn't revert to the domestic place of business is withheld and subject to separate taxation. So, only the incomet hat revert to the domestic place of business is subject to filing report and payment of corporate tax.