(For the year of ) Final Return of Tax Base and …Form40-1)IncomeTaxForm.pdf(Page 3 of 33 Pages) Ref. No.-(For the year of )Final Return of Tax Base and Computation of Global Income

■ [Form 40 (1)] Amended on 3. 16, 2016 (Page 1 of 33 Pages)(For the year of ) Final Return of Tax Base and Computation of Global Income Tax,

Special Tax for Rural Development and Local Income Tax to be paid◇ When a business owner who has either real estate rental business income* or other business income** and

who are subject to the simplified expense rate does not keep books, but files estimated-return with simplified expense rate, he/she shall use the Form 40(4).

* Business income derived from real estate rental business (hereinafter "Real estate rental business income")

　 ** Other business income made from other businesses (hereinafter "Other business income")◇ When a taxpayer subject to Simplified Bookkeeping (excluding new business starters and business owners

with revenue of the previous taxable period less than 48 million won) does not file his/her return by bookkeeping, he/she is liable to pay the 20% of calculated tax amount additionally as the penalty for non-bookkeeping.

◇ When a taxpayer, who is liable for Double Entry Bookkeeping does not file his/her return by the double entry bookkeeping method, he/she is obliged to pay the greater amount additionally, either the 20% of calculated tax amount or 0.07% of Gross Revenue as the penalty for failure to file returns.

Instructions 1. Fill out the block ❶ Basic Information.

2. Fill out the block ❸ Tax Attorney, when you have a tax attorney keeping booking, making adjustment, or preparing this form. 3. Prepare each income statement (❺ ~ ❽) (only when needed). 4. Prepare ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction and Statement of Deficit Carried Over ( Statement of Deficit Carried Over is prepared when Deficit Carried Over exists). 5. Fill out the block Details of Exemptions and Deductions. 6. Fill out the statements Details of Tax Exemptions, Details of Tax Credits and Details of Reserves (Only a necessary statement is to be made). 7. Fill out the block Details of Penalty Taxes. 8. Fill out the block Details of Tax Prepaid. 9. Fill out the block ❹ Computation of Income Tax (If you have financial income, you should first fill in the form Calculation of Global Tax on Financial Income on page 23. If you prepare a statement of estimated income amount according to Standard Expense Rate, you should first fill out the form Statement of Estimated Income Amount [only for taxpayers subject to Standard Expense Rate] on page 25. As a real estate dealer, if you have Global Income Amount and gains from transactions by owning non-business purpose land, you should first fill in the form Global Income Tax Calculation (for real estate dealers) on page 27. If you have both financial incomes included in total income and gains from transactions by owning non-business purpose land, you should fill in the form Calculation of Global Tax on Financial Income first [for taxpayers having both financial income and gains from transactions of houses] on page 29).10. Fill out the block ❷ Bank Account for Tax Refund. 11. If all lines of each statement is fully filled, use accompanying paper(s).12. Taxpayer's name shall be recorded with his/her signature or seal.13. Do not fill out the shaded boxes.

Receipt (For the year of Final Return of Tax Base for Global Income Tax)Name Address

※ Attachments1. Financial Statement ( )2. Profit & Loss Statement including Accompanying Documents ( ) 3. Trial & Balance Sheet ( ) 4. Statement of Income Adjustment ( )5. Statement of Income Allowances ( ) 6. Refund Application for Deficit Retroactive Deduction ( )7. Tax Deduction and Exemption Application pursuant to Tax Incentive and Limitation Law ( )8. Simple Bookeeping Income Amount Calculation ( )9. Other Documents attesting the contents of the return ( )

Receiver

Date of Receipt

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(Page 2 of 33 Pages)Instructions

1. Indicate the attributable year for your tax filing and status of your residency. 2. ② Alien Reg. No.: A foreigner shall enter his/her alien registration number. If you do not have the number, passport number can be entered instead. 3. ⑧ Type of Return: Please put a [✔] mark. The type of return filing is classified according to the attachment documents such as a statement of tax adjustment or a calculation sheet of income account, etc. If you are subject to two cases or more, select one in the order of , , , , , , . 4. ❷ Bank Account for Tax Refund: If you are qualified for refund, write down your bank account number where you want to get your refund. If an amount of tax refunded is 20 million won or more, file a tax return with an application of bank account opening/changing(Attached form 22 of the Enforcement Rules of Framework Act of the National Taxes) to which a copy of bankbook is attached. 5. ❸ Tax Attorney: Select the type of assignment and mark [✔]. Select one from , , or when you have a tax attorney keeping booking, making adjustment, or preparing this form. 6. Amount of Global Income: Enter figures shown in line ⑤ (Total Global Income) of the block ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction. 7. Total Income Allowances: Enter figures under following calculation ( Sum of Exemptions and Deductions - Excess of Global Limit of Income Deduction on Details of Exemptions and Deductions) 8. Tax Rate & Tax Calculated: An amount of tax calculated comes with following sequences: multiply tax base by tax rate in the table of basic tax rates and subtract progressive deductions from the amount. If there are interestㆍdividend income subject to global taxation, use Calculation of Global Tax on Financial Income to calculate and . If a taxpayer is a real estate dealer affected by Article 64 of the Income Tax Act, use Global Income Tax Calculation Form (for real estate dealers). If a taxpayer is a real estate dealer who has financial income, use Calculation of Global Tax on Financial Income (for taxpayers having both financial income and gains from transactions of houses). 9. Total Tax Exemption & Total Tax Credit: Enter figures shown in line ⑤Total of Tax Exemptions of the block Details of Tax Exemptions or in line ⑤ Total of Tax Credits of the Details of Tax Credits. 10. & Penalty Taxes: Enter penalties pursuant to Article 81, of the Income Tax Act and Article 47-2 to 47-5 of the Framework Act on National Taxes respectively. Fill in with figures shown in line ⑯ Total of Details of Penalty Taxes. 11. & Recapture: Prepare the Form 51 for the Recapture, and then fill the line with figures in line 4 of Form 51. And fill the line with STRD (Special Tax for Rural Development) refunded. 12. & Tax Prepaid: Enter figures from lines ⑪ ․ of the block Details of Tax Prepaid. 13. Tax Refundable / Tax Due: Subtract Tax Prepaid from Total. If the amount is less than "0," it is refundable, so fill in ❷ Bank Account for Tax Refund 14. & Tax Amount for Special Case on Tax Payment : Where an executive official of a venture company applies the special case on tax payment for gains of stock option exercise to a withholding agent, the 2/3 of income tax relevant to gains of stock option exercise can be paid in installment. In this case, 1/2 of tax amount for special case on tax payment shall be paid at the final return/payment on global income tax base in the next two years respectively. For the payment in installment, fill tax amount for special case on tax payment in and for the payment for the next two years fill tax amount for special case on tax payment in . Tax Payable in Installments: The amount of tax payable, which is over 10 million won, could be paid in installments (if the tax amount payable is 20 million won or less, the amount in excess of 10 million won can be paid in installments, and if the amount payable is over 20 million won, the half or less than half of the tax amount can be paid in installments within 2 months of the due date for payment). For installments, fill out this line with the amount of installments. 14. Local income tax: Fill in with the tax base for global income tax (). In Tax Rate (), fill in the local income

tax rate in the table of basic tax rates, and in Tax Calculated (), fill in the amount calculated by multiplying the tax base by the tax rate and then subtracting the progressive deductions from the amount. In Total Tax Exemption () and Total Tax Credit (), enter 1/10 of the amount in () and (), respectively, in accordance with Article 167-2 of the Restriction of Special Local Taxation Act. In Penalty Taxes (), enter 1/10 of the amount in in accordance with Article 99 of the Local Tax Act and Articles 53-2 through 53-4 of the Framework Act on Local Taxes. (For return after due date, apply penalty tax reduction as stated in Article 54 of the Framework Act on Local Taxes.) In Tax Prepaid (), enter the amount calculated by: subtracting the interim payment amount (① of the Details of Tax Prepaid) from Prepaid Income Tax () and multiplying 1/10.

16. Special Tax for Rural Development: The Tax Base () is carried over from the line of Form 68 (The Table on Total Exempted Tax for the Special Tax for Rural Development) and the amount of tax () is calculated by applying the tax rate (20% or 10%) under Article 5 of the Special Tax for Rural Development Law. Fill in the line with the figures (＋－). Special Tax for Rural Development can be partially paid in installments when the tax amount is more than 5 million won or the Global Income Tax is paid in installments. Table of Tax Rate (Unit: 10,000 won)

Attributable Year Tax Base

From 2012 to 2013Attributable Year

Tax BaseFrom 2014 to 2015

Tax Rate Progressive Deductions

Income tax Local Income taxTax Rate Progressive

Deductions Tax Rate Progressive Deductions

Not more than 1,200 6% Not more than 1,200 6% 0.6%Over 1,200 Not more than 4,600 15% 108 Over 1,200 Not more than 4,600 15% 108 1.5% 10.8Over 4.600 Not more than 8,800 24% 522 Over 4.600 Not more than 8,800 24% 522 2.4% 52.2Over 8,800 Not more than 30,000 35% 1,490 Over 8,800 Not more than 15,000 35% 1,490 3.5% 149Over 30,000 38% 2,390 Over 15,000 38% 1,940 3.8% 194

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(Page 3 of 33 Pages)

Ref. No. -(For the year of )Final Return of

Tax Base and Computation of Global Income Tax, Special Tax for Rural Development and Local

Income Tax to be paid

Residency Resident 1 / Non-resident 2Nationality Citizen 1/ Foreigner 9Flat tax rate for Foreign Employee Yes 1 / No 2

State of Residency State Code❶ Basic Information① Name ② Alien Reg.

No. －③ Address④ Home Phone No. ⑤ Business Phone No.⑥ Mobile Phone No. ⑦ E-mail Address⑧ Type of Return

Self-adjustment External adjustment Confirmation of compliant return Simplified bookkeeping Estimate - Standard rate Estimate - Simplified rate Non-business

⑨ Type of bookkeeping Double entry bookkeeping Simplified bookkeeping Non-business⑩ Return Classification Regular A mended declaration Claim for correction Return after due date

Additional return (recognizing bonus) ❷ Bank Account for Tax Refund

(less than 20 million won)⑪ Name of Bank / Post

Office ⑫ Account

No. ❸ Tax

Attorney

⑬ Name ⑭ Tax Reg. No. - - ⑮ Phone

No. Type of Assignment

Bookkeeping and return Adjustment for taxable income Preparing return Confirmation

Ref.No. - Designated

No. －

❹ Computation of Income TaxClassification Global Income Tax Local Income Tax Special Tax for

Rural DevelopmentAmount of Global Income Total Income Allowances

Tax Base (－) Tax Rate

Tax Calculated Total Tax Exemption

Total Tax Credit Tax Determined (－－)

Penalty Taxes Recapture(Refunded tax amount for Special Tax for Rural Development)

Total (＋＋) Tax Prepaid

Tax Refundable/Tax Due (－) tax amount for special case on tax payment

subtract add

Tax Payable in Installments within 2 months Tax Payable within due date (－+-)

I declare that I have examined this form and to the best of my knowledge and belief, it is true, complete, and is accordance with Art. 70 of the Income Tax Act, Art. 7 of the Special Tax for Rural Development Act, Art. 93 of the Local Tax Law and Art. 45-3 of the Framework Act on National Taxes. I am aware that under-reporting tax base or tax payable or over-reporting tax refundableis subject to imposition of penalty tax, etc. in accordance with Article 47-3 of the Framework Act on National Taxes.

. . .Taxpayer Name (Signature / Seal)

I, as a licensee of tax professional, filled out above tax return fairly and honestly.I am aware that in accordance with Article 17 of the Certified Tax Accountant Act,disciplinary action will be taken for non-bookkeeping, false bookkeeping, and failure to filea tax return conscientiously pursuant to the Income Tax Act.

Date of Receipt

Tax Attorney (Signature / Seal)To Head of District Tax Office※ Attachments (refer to instructions of page 1): Computerized

Entry Required (Seal)


Instructions for Preparing ❺ Details of Interest Income1. Filers are not obliged to fill out this form if their interest income subject to non-taxation or separate

taxation under the Income Tax Law and the Restriction of Special Taxation Act. Filers shall fill out this form if their financial income (total of interest income and dividend income) exceeds 20 million won with interest income included.

* Even though filers' financial income does not exceed 20 million won, they shall fill out this form if their interest income (ex. overseas financial income) is not withheld domestically.

* Standard amount for global taxation of financial income : 20 million won 2. ① Income Classification Code: Enter appropriate income classification codes mentioned below (11 ~ 17) in

numerical order. (1) 11: "Interest from non-commercial loans withheld" as stipulated in Article 16 ① (11) of the Income

Tax Law. (2) 12: "Interest income not withheld" as stipulated in Article 127 of the Income Tax Law Note: Enter Code 17 on "interest from non-commercial loans free from withholding." (3) 13: Other interest income withheld (4) 15: Interest income paid outside Korea and not subject to domestic withholding tax. (5) 16: Interest income derived from partnership under Article 100-18 of the Restriction of Special

Taxation Act. (6) 17: "Interest from non-commercial loans not withheld" as stipulated in Article 127 of the Income Tax Law.3. ② Serial No.: Write down serial no. on each taxable interest income by the income classification code. If

the number of each code is more than two, write down the sum of income by classification code in the last line.

4. ③ Company Name (Name) & ④ Tax Registration No. (Resident Registration No.): Write down the name and tax registration no. (resident registration no.) for the company (person) paying interest.

5. ⑤ Taxable Interest Income: Write down the sum of annual interest paid by each interest payer. * Write down the amount of total interest before withholding.6. ⑥ Income Tax Withheld: Write down the amount of tax withheld. Do not enter local income tax here (Local

tax is calculated on page 3). 210㎜×297㎜(백상지 80g/㎡)

(Page 5 of 33 Pages)❺ Details of Interest Income

①Income

Classification Code②

Serial No.Interest Payer ⑤

Taxable Interest Income

⑥ Income Tax

Withheld③ Company Name (Name)

④ Tax Reg. No.

(Resident Reg. No.)

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Instructions for Preparing ❻ Details of Dividend Income1. Filers are not obliged to fill out this form if their dividend income is subject to non-taxation or separate taxation

under the Income Tax Law and the Restriction of Special Taxation Act. Filers shall fill out this form if their financial income exceeds 20 million won with dividend income included.

* Even though filers' financial income does not exceed 20 million won, they shall fill out this form if their interest income (ex. overseas financial income) is not withheld domestically.

* Standard amount for global taxation of financial income : 20 million won (40 million won by 2012) 2. ① Income Classification Code: Write down appropriate code mentioned below (21~29) in numerical order. (1) Dividend income subject to Gross-up : 21. (2) Dividend income not subject to Gross-up : 22. ※ Dividend income subject to Code 23 to 29 is classified by appropriate codes. ※ Each total dividend income of gains from collective investment vehicles, transfer to capital caused by gains on

retirement of treasury stocks and investment shares and deemed dividend according to transfer to capital on net revaluation amount of land (subject to 1% of revaluation tax rate) is classified as Code 22. In case that corporations make capital reserves and revaluation reserves transfer to capital, having treasury stocks and investment shares, the total dividend income of the amount of stock prices equivalent to increased equity ratio of shareholders except for competent corporations is also classified as Code 22 as well.

※ In dividend income subject to Code 21, the amount of dividend from corporations subject to income deductions (including non-taxation/tax exemption/tax reduction or income deduction under Korean Acts other than the「Restriction of Special Taxation Act」), or from companies designated by the Presidential Decree among companies subject to non-taxation/exemption/reduction of corporate tax that are not included in the minimum tax by the Article 132 of the Restriction of Special Taxation Act is classified in this code by multiplying this amount by reduction rate.

(3) Dividend income which is not withheld by Article 127 of the Income Tax Act : 23 (4) Dividend income paid outside Korea and not subject to domestic withholding tax : 26 (5) Dividend income of a co-investor as stipulated in 17(1)5 of the Income Tax Act : 28 (6) Dividend income derived from partnership under the Article 100-18 of the Restriction of Special Taxation Act:

293. ② Serial No.: Write down serial no. on each dividend income by the income classification code. If the number of

each code is more than two, write down the sum of income by the classification code in the last line.4. ③ Company Nameㆍ④Tax Registration No.: Write down the name and tax registration no. for the company paying

dividend. 5. ⑤ Dividend Income: Write down the annual dividend income before tax withholding by each dividend paying

company.6. ⑥ Dividend Income for Gross-up: Write the amount exceeding 40 million won if the total amount of dividend income

in Code 21 and other interests and dividend income (not subject to gross-up) exceeds 20 million won. (ex) Interest income: 10 million won, Dividend income: 20 million won (subject to Gross-up), box ⑤: 20 million won,

box ⑥: 10 million won7. ⑦ Gross-up Amount: Dividend Income for Gross-up (⑥) x Gross-up rate (12% for dividend income during Jan.

1st 2009 ~ Dec. 31st 2010 and 11% for dividend income on and after Jan. 1st 2011)8. ⑧ Taxable Income: Dividend Income (⑤) + Gross-up Amount (⑦)9. ⑨ Income Tax Withheld: Enter the amount of tax withheld. Do not write down local income tax here (Local tax

is calculated in page 3). 210㎜×297㎜(백상지 80g/㎡)

(Page 7 of 33 Pages)❻ Details of Dividend Income

①Income

Classification Code

②SerialNo.

Payer⑤

Dividend Income

Gross－Up ⑧Taxable Income

(⑤＋⑦)

⑨Income Tax

withheld⑥

Dividend Income for Gross-up

⑦Gross-up Amount

(⑥× 15/100)

③ Company Name④ Tax Registration No.

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Instructions for Preparing ❼ Details of Business Income 1. ① Income Classification Code: Choose appropriate code (30 ․ 31 ․ 32 ․ 40 ․ 41) mentioned below in numerical order. (1) Real Estate Rental(Excluding Housing Rent Serrvice) Business Income: 30 (2) Real Estate Rental Business Income derived from partnership under the Article 100-18 of the Restriction of Special Taxation Act: 31 (3) Income from Housing Rent Service : 32(701101, 701102, 701103, 701104) (4) Other Business Income: 40 (5) Other Business Income derived from partnership under the Article 100-18 of the Restriction of Special Taxation Act: 41 2. ② Serial No.: Write down serial no. by the income classification code. If the number of each code is more than two, write

down the sum of income by the classification code in the last line. 3. ③ If the business place is in Korea, enter "1," otherwise enter "9." Enter country code of business place as designated by

the International Organization for Standardization (※ ISO country code: NTS English website → Resources → Additional Info.) e.g.) Korea: KR, the United States: US 4. ⑥ Type of Bookkeeping: select one among Double entry bookkeeping, Simplified bookkeeping by business places 5. ⑦ Code for Type of Return: Write down the code number below according to the writers of statement of adjustment

attached to the financial tax return or the type of income statement. Under the provision of the Article 100-18 of the Restriction on Special Taxation Act, for business income derived from partnership, the code is 11 or 12 according to adjustment type of income calculation for partnership and distribution.

(1) Self-adjustment (writing a statement of adjustment for yourself): 11 (2) External-adjustment (writing a statement of adjustment by a tax attorney): 12 (3) Confirmation of compliant return: 14 (4) Calculation of Income Amount by Simple Bookkeeping Income Amount Calculation: 20 (5) Calculation of Income Amount by Standard Expense Rate: 31 (6) Calculation of Income Amount by Simplified Expense Rate: 32 6. ⑧ Main Business Code: If the number of code falling under related type and items of business is more than two, write down

the code of the business from which revenue is the greatest. 7. ⑨ Gross Income Amount & Income : A taxpayer with by-job income of farmhouse (non-taxable business income) should

enter the income in the box of of Tax Form 37-3 after filling out this form. Under the provision of the Article 100-18 of the Restriction on Special Taxation Act, write down business income derived from partnership in the box of Gross Income Amount and enter losses derived from partnership in the box of Necessary Expenses.

8. Necessary Expenses: When you file a return using Standard Expense Rate, enter the figure of ⑯ Total of Necessary Expenses in The Statement of Etimated Income Amount. However, when Income Amount is ⑳ Alternative Income Amount in The Statement of Estimated Income Amount, enter ｢ ⑨ Gross Revenue - Income Amount ｣.

9. Income: Enter ｢ ⑨ Gross Revenue - Necessary Expenses ｣(a taxpayer subject to Standard Expense Rate shall enter Income Amount of The Statement of Estimated Income Amount above).

10. Beginning Date of Taxable Period & Closing Date of Taxable Period: Those keeping their business going shall write Jan. 1st of the current year as beginning date of taxation period, and Dec. 31st of the current year as closing date of taxation period. As for new business starters and closed businesses, enter a beginning date or a shutdown date of business. As for co-owners, enter the business commencement and withdrawal date of a member for that year.

11. Representative Co-owner: For joint business, write down the name and identification number of representative co-owner. 12. Related Party: In case that partners have special relationship each other(relatives living together), for the aggregate

income return for the related party, write down the name and identification number of the related party under Article 100-4 of the Presidential Decree of the Personal Income Tax Law.

13. Serial No.: Set a serial no. for withholding agent (company) and tax association. 14. Company Name(Name) & Tax Registration No. (Resident Registration No.): Write down the company name (name)

and tax registration no. (resident registration no.) of withholding agent or taxpayer association.15. Income Tax & Special Tax for Rural Development: Write down the annual amount of tax collected by withholding agent and

taxpayer association or the special tax for rural development. Do not write down the local income tax here (Local tax is calculated in page 3). 210㎜×297㎜(백상지 80g/㎡)

(Page 9 of 33 Pages) ❼ Details of Business Income

① Income Classification Code

② Serial No.

③ Place ofBusinessLocation

Domestic 1Overseas 9 State Code④ Company Name⑤ Tax Registration No.⑥ Type of bookkeeping⑦ Code for Type of Return⑧ Main Business Code⑨ Gross Income Amount⑩ Necessary Expenses⑪ Income (⑨－)⑫ Beginning Date of Taxable Period Closing Date of Taxable Period

Representative Co-ownerName

Alien (Resident)Registration No.

Related Party

NameAlien (Resident)Registration No.



Tax withheld and tax collected by taxpayer association for business income

Serial No.

Withholding Agent or Taxpayer Association Tax withheld or tax collected by taxpayer association

Company Name(Name)

Tax Registration No. (Resident Reg. No.)

Income Tax Special Tax for Rural Development

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Instructions for Preparing ❽ Details of Wage & Salary Income, Pension Income and Other Income1. Exclude non-taxable income and income subject to separate taxation.2. ① Income Classification Code: Choose appropriate codes mentioned below and enter the code in numerical order. ○ The classification code of wage and salary income (1) Wage and salary income subject to withholding tax according to the Art. 127 of the Income Tax Act (excluding wages and salaries received from the U.S. Armed Forces in Korea): 51 ※ This includes wage and salary income received for providing services in Korea. (2) Wages and salaries received from the U.S. Armed Forces in Korea: 52 (3) Wage and salary income received for providing services abroad: 53 (4) Wage and salary income of the member who joins a taxpayer association: 55 (5) Wage and salary income incurred from the exercise of stock option granted by foreign companies: 56 (6) Wage and salary income not subject to withholding tax according to the Art. 127 of the Income Tax Act: 57 ※ This includes wage and salary income received from foreign organizations, the U.N. Forces (except U.S. army), foreigners or foreign corporations outside Korea (excluding wage and salary received from foreign corporation's domestic branches and domestic business office/place.) ○ Pension Income: 66 ○ Other Income (1) Other income which is not under code 61: 60 (2) Other income derived from partnership under the Article 100-18 of the Restriction of Special Taxation Act: 61 3. ② Serial No.: Set a serial no. by each code. If the number of code is more than two, write down the sum of income by classification code in the last line.4. Write down ③ Company Name (Name) and ④ Tax Registration No.(Resident Reg. No.) of those who are paying wage and salary income, pension income and other income. But the worker who has wage and salary income incurred from the exercise of stock option granted by foreign companies shall write down the name or tax registration no. of foreign head quarters which have the stock option concerned, domestic branch, liaison office or the foreign invested company. 5. Write down an annual ⑤ Gross Receipt by each income payer. For wage and salary income, put the total amount of gross pay (excluding non-taxable income) and for pension income, put the total amount of pension received (excluding non-taxable income). 6. ⑥ Necessary Expenses: For wages and salaries, write down the amount of earned income deduction, which is deducted from the wages and salaries income accrued in main working place if working place is more than two. But in case where the amount of wages and salaries is less than earned income deduction, the excess amount can be carried over to be deducted from the secondary working place. In case of pension income, write down the amount of pension income deduction.

Income Deduction for Wage/Salary Income Deduction for Pension(ceiling 9M won)Total Wage/Salary Deduction Amount Total Pension Deduction Amount

~5M won 70% ~3.5M won Total pension amount5M won〜15M won 3.5M won + 40% of excess amount of 5M won 3.5M won〜7M won 3.5M won + 40% of excess amount of 3.5M won15M won〜45M won 7.5M won + 15% of excess amount of 15M won 7M won〜14M won 4.9M won + 20% of excess amount of 7M won

45M won〜100M won 12M won + 5% of excess amount of 45M won 14M won~ 6.3M won + 10% of excess amount of 14M won100M won~ 14.75M won + 2% of excess amount of 100M won

7. ⑦ Taxable Income: ｢ ⑤ Gross Receipt - ⑥ Necessary Expenses ｣8. ⑧ Income Tax & ⑨ Special Tax for Rural Development: Write down the tax withheld and the tax collected by taxpayer association. Do not write down the local income tax here (Local tax is calculated in page 3).

210㎜×297㎜(백상지 80g/㎡)

(Page 11 of 33 Pages)❽ Details of Wage & Salary Income, Pension Income and Other Income

①Income Classi-fication Code

②Serial No.

Payer(Domestic working place) ⑤ Gross Receipt

(Total amount of wage&salary and pension)

⑥ Necessary Expenses

(Income deduction of wage&salary and pension)

⑦TaxableIncome(⑤－⑥)

Tax withheld or tax collected by taxpayer

association③ Company Name (Name) ⑧

Income Tax

⑨Special

Tax for Rural Development④ Tax Reg. No.

(Resident Reg. No.)

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Instructions for Preparing ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction1. ① Amount of Income by Income Classification (1) Interest Income: Gross amount of ⑤ Interest Income in the ❺ Details of Interest Income (2) Dividend Income: Gross amount of ⑧ Dividend Income in the ❻ Details of Dividend Income excluding the

dividend income paid to a co-investor under ∮17-1-8 of the Income Tax Act (3) Dividend income paid to a co-investor: A co-investor's total dividend income under ∮17-1-8 of the Income

Tax Act. (4) Real Estate Rental Business(excluding Housing Rental Service) Income: Sum of Income of which

classification code is either 30 or 31 in the ❼ Details of Business Income. If the amount is (-), write down "0," and enter the loss in the ② of the Statement of Deficit Carried Over.

(5) Other Business Income: Sum of Income of which classification code is either 32, 40 or 41 in the ❼ Details of Business Income

(6) Wage & Salary Income, Pension Income and Other Income: Sum of ⑦ Taxable Income of each income type in the ❽ Details of Wage & Salary Income, Pension Income and Other Income.

2. ② Deficit Deduction for Other Business Income: The amount of deficit for other business income is deducted from each income in following sequence; real estate rental business income(excluding Housing Rental Service), wage & salary income, pension income, other income, and interest income and dividend income subject to global income tax (not deductible for interest income and dividend income subject to withholding tax rate). Taxpayers decide both the amount of deficit to be deducted and whether the deficit or the deficit carried over is deducted from interest income or dividend income as stipulated in Article 45 ⑤ of the Personal Income Tax Law.

3. ③ Deficit Carried Over Deduction for Other Business Income: The amount of deficit carried over for other business income is deducted from each income in following sequence; Other business income, real estate rental business income(excluding Housing Rental Service), wage & salary income, other income, and dividend income and interest income subject to global income tax (not deductible for interest income and dividend income subject to withholding tax rate).

4. ④ Deficit Carried Over Deduction for Real Estate Rental Business Income(excluding Housing Rental Service): Write down the deficit carried over which is deducted from real estate rental business income(excluding Housing Rental Service).

5. ⑤ Income after Deficit / Deficit Carried Over: ①－②－③－④ * In case where the other business income is under zero (when the amount of deficit for other business income still

remains, after deducted from other incomes just like ② above), write down "0" and the amount left after deduction is written down in the line ② in the Statement of Deficit Carried Over.

Instructions for Preparing Statement of Deficit Carried Over1. ① Taxation Period Accrued & ② Amount Accrued: The deficit carried over, which was incurred in previous 10

taxation periods (for the deficit carried-forwarded in the taxation period before 2008, previous 5 taxation periods) and the current taxation period, shall be written down in sequence of each taxation period.

2. Write down the ③ Amount Deducted by previous taxation period. 3. Write down the ④ Current Deduction in the line. Deduct the first incurred deficit carried over in sequence. (The

total amount of the current deduction is the sum of ④ or ③ in the ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction.)

4. Write down the ⑤ Retroactive Deduction (or the deficit carried over in line ⑫ of [Form (40-4)]) in case where small and medium sized business by Article 2 of the Restriction of Special Taxation Act applies retroactive deduction to the deficit which is incurred in current taxation period under Article 85-2 of the Income Tax Law.

5. ⑥ Other Deduction: Write the amount in case that the deficit carried over is appropriated as gain from assets contributed or gain from discharge of indebtedness.

6. ⑦ Balance: Write down the amount of accrued deficit carried over which is left after deduction (②-③-④-⑤-⑥) 210㎜×297㎜(백상지 80g/㎡)

(Page 13 of 33 Pages)❾ Details of Global Income, Deficit and Deficit Carried Over Deduction

Classification

①Amount of

Income by Income

Classification

②Deficit

Deduction for Other

Business Income

excluding real estate leasing

business (excluding

housing rental service)

Deficit Carried Over Deduction Amount

⑤Income after Deficit / Deficit Carried Over

③Deficit Carried Over Deduction for Other

Business Income

④Deficit Carried Over Deduction for Real

Estate Rental Business Income excluding housing

rental service

Interest Income

Dividend Income

Dividend Income paid to a co-investor

Real Estate Rental Business Income

(excluding housing rental service)

Other Business Income

Wage & Salary Income

Pension Income

Other Income

Total Global Income Statement of Deficit Carried Over

Classi-fication

Deficit carried over ③Amount

Deducted by Pre-taxation

Period

Current Deduction⑦

Balance①Taxation Period

Accrued②

Amount Accrued

④Current

Deduction⑤

Retroactive Deduction

⑥Other Deduction

Real Estate Rental

Business Income

(excluding housing rental

service)

Other Business Income

210㎜×297㎜(백상지 80g/㎡)


Instructions for Preparing Details of Exemption and Deductions

※ Personal deductions and special deductions should be entered based on the following [Form 37], and exemptions and deductions under the Restriction of Special Taxation Act should also be based on the related form.1. Personal Deductions (① ~ ⑦) (1) Basic Deduction: 1.5 million won per capita is deductible (number of persons x 1.5 million won) for yourself, spouse and family with annual income(including retirement income/capital gains) not more than 1 million won. Dependent family members subject to deduction should be not less than 60 or not more than 20 (No age restriction on the disabled and those under the National Basic Livelihood Security System add foster child aged less than 18). (2) Additional Deduction: 1 million won is additionally deductible for an eligible person for basic deduction aged 70 or older(④) and 2 million won is additionally deductible for a disabled person (⑤). 500,000 won is additionally deductible for a woman(whose global income is less than 30M won) who is a householder having dependents or who has a spouse (⑥). 1 million won is additionally deductible for single-parent who has no spouse having descendants/adoptees eligible for basic income tax deduction (⑦). In case of duplication with ⑥, apply ⑦.

2. Pension Premium Deduction (⑨~): The amount of contribution (excluding employer liability) shall be deducted if a resident pays national pension premium according to the National Pension Act (⑨). The amount of contribution(sum of public official pension, military pension, special post office pension, Korea Teacher's pension) shall be deducted if a resident pays employee contribution according to the other pension acts or the Special Post Office Act. 3. Deduction for Reverse Mortgage Interest: If you are a resident who has a retirement income and receives reverse mortgage, you are entitled to take the deduction for interest accruing for the year on the mortgage with a limit of 2 million won within the range of mortgage income. 4. Special Deductions (~) (1) Insurance Premium Deduction : Deduction is taken from the amount of labor income only (excluding the wages of day workers). - Deduction item : Health Insurance (including Long-term Care Insurance for the Aged), Employment Insurance (2) ⑬ Housing Fund Allowances :Deduction is taken from the amount of labor income only (excluding the wages of day workers).

㉠ Repayment of principal for house rent deposit Repayment of principal for a rent deposit from a financial institute to rent a housing (a size of national housing including residential officetel) by a worker who is a householder of non-homeowner family (available for a family mamner, where the head of a household did not receive deduction relevant to housing). ㉡ Deduction for the interest repayment of long-term house mortgage loans An interest repayment of long-term house mortgage loans from a financial institute in order to acquire a housing (as of the time of acquirement, the housing cost shall be 400M or less) by a householder who does not own a house or owns one house (available for a family member, where the head of a household did not receive deduction relevant to housing). (3) Deduction for Donations(carries over) : Donations carried over that was not deducted by the end of 2013 shall be subject to income deduction as before. 5. Dependants for Deduction: List names and required information of the filer and his/her dependants eligible for basic income tax deduction. In box Citizen/Foreigner, a resident shall enter "1" and a foreigner "9". In box Resident (Alien) Reg. No., a foreigner shall enter alien registration number. 6. Exemptions and Deductions under the Restriction of Special Taxation Act (~): The column is for the related Article of the Restriction of Special Taxation Act and the column is for the deduction amount. And the column is for taxpayer's tax registration number if the deduction is for business income. Code: Leave it blank. 7. Excess of Global Limit of Income Deduction for ⑨ shall be put into the excess of global limit of income deduction for of details of Global Limit of Income Deduction in -1.

210㎜×297㎜(백상지 80g/㎡)

(Page 15 of 33 Pages) Details of Exemptions and Deductions

Exemptions and Deductions under the Income Tax LawClassification Amount Classification Amount

Personal Deduction

Basic

① Taxpayer Him/Herself Pension Premium Deduction

⑨ National Pension ② Spouse public official/military/special post

office/Korea Teacher's pension③ Dependants( ) Deduction for Reverse Mortgage Interest

Additional

④ the elderly( ) Special Deduction

insurance premium⑤ Disabled Person( ) Housing Fund Allowances⑥ Female Worker Deduction for Donations(carried over)⑦ Single-parent family t o t a l

special t a x credit

Individual having wage or salary( ~ )

⑧ Total of Personal Deduction(Sum of ①~⑦)

Individual not having wage or salary()

List of Eligible Dependants for DeductionRelation-ship Code

Name Citizen/Foreigner Resident (Alien) Reg. No. Relations

hip Code Name Citizen/Foreigner Resident (Alien) Reg. No.

- -- -- -- -

※ Relationship Code: Yourself=0, Linear ascendant of yourself=1, Linear ascendant of spouse=2, Spouse=3, Children or the adopted=4, Other linear descendants (if the linear descendant and his/her spouse are both disabled, the spouse is also included)=5, Brother and sister=6, Taxpayers subject to the Basic Livelihood Security System=7 Foster child=8(Relationship code 4~6 includes relationship of the taxpayer himself/herself and that of his/her spouse)

Exemptions and Deductions under the Restriction of Special Taxation Act Article of the Restriction of Special Taxation Act Code Amount Tax Reg. No.

Sum of Exemptions and Deductions under the Restriction of Special Taxation Act Sum of Exemptions and Deductions

(⑧ ~ ＋＋ ) Excess of Global Limit of

Income Deduction 210㎜×297㎜(백상지 80g/㎡)


Instruction for Preparing -1 Details of Global Limit of Income Deduction※ Details of Exemptions and Deductions should be filled out after this form. 1. Global Limit of Income Deduction [Restriction of Special Taxation Act §132-2]

Where a sum of deduction amount, which falls under following lists, excesses 25 million won in a resident's income tax calculation, the excess amount shall not be counted, (1) Housing Fund Allowances of the Special deduction under Article 52 of the Restriction of Special Taxation Act(2) Income deductions for Investment in Small and Medium Enterprise Establishment Investment Association, etc. (Restriction of Special Taxation Act §16①)(excluding investments under the Restriction of Special Taxation Act

§16①-3 or §16①-4)

(3) Income deductions for Mutual aid fund for small enterprises and small enterprisers (Restriction of Special Taxation Act §86-3)

(4) Income deductions for subscription deposits⋅housing subscription synthetic deposits (Restriction of Special Taxation Act §87②)

(5) Income deductions for investment in Employee Stockholders Association (Restriction of Special Taxation Act §88-4①)

(6) Income deduction for long-term collective investment security savings (Restriction of Special Taxation Act §91⑯)

(7) Income deductions for credit card, etc. (Restriction of Special Taxation Act §8126-2)

2. Summary of Global Limit of Income DeductionItem Classification Deduction Ceiling Availibility of Global Limit

Personal Deduction

Basic Deduction(taxpayer, spouse, dependant) 1.5M won per person ×

Additional Deduction1M won per one elderly person, 2M won per one disabled person, 500,000 won for females, 1M one for single-parent

×

Insurance Premium Public Pension Premium whole amount ×Deduction for Reverse Mortgage Interest 2M won per year ×

Special Income Deduction

Health Insurance Premium, Employment Insurance Premium, Long-term care Insurance Premium whole amount ×Housing Fund

repayment of principal for house rent deposit (㉠) (㉠+㉢) 3M won per year ○

Deduction for the interest repayment of long-term house mortgage loans(㉡)

(㉠+㉡+㉢) 5M won per year(15M won) ○

Other Income Deduction

Personal Pension Savings 620,000 won per year ×Investment in Small and Medium Enterprise Establishment Investment Association

50% of global income ○2013 and 2014 payments excluding investments for Private Investment Association and venture company in 2014

Mutual aid fund for small enterprises and small enterprisers 3M won per year ○House-purchasing savings(㉢)

(subscription deposit, housing subsciption synthetic deposit) (㉠+㉢) 3M won per year ○

Investment(contribution) in Employee Stockholders Association 4M won per year ○long-term collective investment security savings 2.4M won per year ○

Amount used by credit card, etc. Min〔3M won, 20% of total salary〕 + 1M won(traditional market) + 1M won(public transportation) ○

Employyes of SMEs that maintains Employment 10M won per year ×Repayment of interest for jeon-se that doesn't require lump-sum savings 3M won per year ×

210㎜×297㎜[백상지 80g/㎡(재활용품)]


-1 Details of Global Limit of Income Deduction

Special Deductions under 「the Income Tax Act」

Classification Amount Target

① housing funds worker

Exemptions and Deductions under「the Restriction of Special Taxation Act」

Classification Amount Target

② Investment in Small and Medium Enterprise Establishment Investment Association resident

③ Mutual aid fund for small enterprises and small enterprisers resident

④ House-purchasing savings (subscription deposit, housing subsciption synthetic deposit) worker

⑤ Investment(contribution) in Employee Stockholders Association worker

⑥ long-term collective investment security savings worker

⑦ Amount used by credit card, etc. worker

⑧ Total income deduction applicable to global limit

(①~⑦)

⑨ Excessive amount of income deduction applicable to global limit(income deduction applicable to global

limit - 25 million won)


Instructions for Preparing Details of Tax Exemptions and Details of Tax Credits1. Application order of reductions or exemptions of income tax or tax credits: If both the provisions concerning the reductions or

exemptions of the income tax and those concerning the tax credits are applied, the order of application shall be as follow: (1) Reductions or exemptions of the income tax in the taxable period concerned (2) Tax credits for which the reductions carried forward is not recognized. (3) Tax credits for which the reductions carried forward is recognized. In this case, if there is a tax credit amount accruing during the

tax period concerned and the amount not deducted and carried forward shall be deducted preferentially. ※ If the sum of the amount of reduction, exemption and tax credit exceeds the tax amount payable, the amount in excess shall be considered

not to exist. If the tax amount payable is less than the minimum tax amount stipulated in Article 132 of the Restriction of Special Taxation Act, the short amount shall not be deducted. However in the case of the tax credit for which the reduction carried forward is recognized, the tax credit amount can be carried forward to the next taxable period and deducted from income tax for business income.

2. ①⑤ Article (title) of the Related Tax Law: Fill in the column with Article (title) of the Restriction of Special Taxation Act. (1) The tax credit for dividend (∮56 of Income Tax Act) is put in of Tax Credit for Dividend in Calculation of Global Tax

on Financial Income. For a taxpayer having global income under the provision of ∮64 of Income Tax Act and profit margin on purchase and sale of houses, land, etc. the amount of tax credit is same as of Tax Credit for Dividend in Calculation of Global Tax on Financial Income (Taxpayer having both Financial Income and Gains from Transaction of House).

* A resident having profit margin on purchase and sale of house or land specified in ∮104-1-4 to 104-1-8, or ∮104-1-10 of the Income Tax Act.

(2) Child Tax Credit ㅇ Where a dependant child is subject to a resident who has global income (including the adopted or foster child) - 2 or less children: 150,000 won per child (1 child: 150,000 won, 2 children: 300,000 won) ㅇ over two children : 300,000 won + 300,000 won each from the third child ㅇ Where a resident subject to basic deduction has more than two dependant children under age 6 : 2 children (150,000 won), over 2 children (150,000 won + 150,000 won each from the third child) ㅇ Tax credit for new born or newly adopted child : 300,000 won for each (3) tax credit for pension savings : payment of pension savings(4M won limit) × 12%(15% for an employee whose total wage is less than 55 million won while he/she has wage & salary income alone or his/her global income is 40 million won or less ) (4) Special Tax Credit ㅇ Insurance premium, Medical expense, Educational expense ㅇ Donation: Fill in this section after completing donation payment receipt(attached form 45). Donations subject to deduction shall be amounts in the following deduction limit range by donation codes among donations that are not included in the necessary expense of business income. Code 10, 40 and 41 of the donation payment receipt shall be filled in this section. Code 20 of the donation payment receipt shall be filled in the tax credit section of the Restriction of Special Taxation Act.

The figures of following calculation shall be deducted from the calculated global income for tax credit amount. Total donations - donations that are added in necessary expense where business income is calculated x 15% (where donation amount excesses 30M won, 25% shall be applied to the exceeded amount) Provided, that calculated amount on interest/dividend income that are applied by withholding rate under business income or Article 62 shall be excluded. Donation as political fund not more than 100,000 won is credited up to 100/110 under Article 76 of the Restriction of Special Taxation

Act. As for donation more than 100,000 won, 15% of the exceeded amount is credited (25% for over 30M won) [Deduction for donation] ㉠ donation under code 10 and 20 of donation payment receipt : global income amount ㉡ donation under code 31: (global income amount－donation deduction of ㉠) × 50% ㉢ donation under code 42: (global income amount－donation deduction of ㉠∼㉡) × 30% ㉣ donation under code 40 and 41 [where donation for religious group(code 41)is existed]: (global income amount－donation deduction of ㉠∼㉢) × 10% + [smaller amount between (global income amount－donation deduction of ㉠∼㉢) × 20% and donation under code 40] ㉤ donation under code 40, 41[where donation for religious group(code 40) is not existed]: (global income amount－donation deduction of ㉠∼㉢)× 30% ㅇ standard tax credit: a resident with salary/wage income who has not applied for special income deduction, special tax credit and donation deduction under the Restriction of Special Taxation Act, and compliant business operator under the 「Income Tax Act」 (120,000 won), and a resident with no salary/wage income who has global income (70,000 won) 3. The amount of reductions or exemptions of tax or tax credits from partnership can be deducted or exempted respectively under the

provision of ∮100-18 of the Restriction of Special Taxation Act.4. ② Code: Leave it blank5. ③ Tax exemptions or Tax Credits: Enter the amount of reduction, exemption of tax or tax credit. In the case of tax credit for which

the deduction carried forward is recognized, include the amount not deducted and carried over from previous taxable period. And in the case of the tax credit which was not deducted in the current taxable period and then carried forward, do not include the tax credit amount.

6. ④ Tax Registration No.: Enter the tax registration number of the business place where the exemption or reduction of tax or tax credit accrued.Instructions for Preparing Details of Reserved Funds

1. ① Article (title) of the Restriction of Special Taxation Act: Put Article (title) of the Restriction of Special Taxation Act which prescribes the allowance of the reserved resources.

2. ② Code: Leave it blank 3. ③ Year & ④ Amount: Enter the year and amount of the reserved funds.. 4. ⑤ Amount returned in the current year: Enter the amount which is returned this year and added into the taxable amount. ⑥ Accumulated amount returned: Put the accumulated amount up to this year. 5. ⑦ Tax Registration No.: Enter the tax registration number of the business place where the reserved funds accrued.

210㎜×297㎜(백상지 80g/㎡)

(Page 19 of 33 Pages) Details of Tax Exemptions

① Title (Article of the Related Tax Law) ② Code ③ Tax Exemption ④ Tax Registration No.

⑤ Total of Tax Exemptions Details of Tax Credits

① Tax Credits under the「Income Tax Act ② Code Amount for deduction(㉠)Applied Rate(㉡)

③Tax Credit(㉠×㉡) ④Tax Reg. Number

Dividend Tax CreditBookeeping Tax Credit

Foreign Tax CreditCasualty Loss Tax Credit

Wage and Salary Income Tax Credit

Child Tax Credit Child for basic deduction ( )Child under age 6 ( )New born/adopted child ( )

Pension Savings Tax C redit

K o r e a S c i e n t i s t s a n d E n g i n e e r s D eduction 12%(15%)Retirement P e n s io n

P e n s i o n S a v in g s

Special Tax Credit

Premium

Guaranteed 12%guaranteed for the disabled 15%

Medical Expense 15%Educational Expense 15%

Donation Statutory 15%(25%)Designated

Standard Tax CreditTax credit for payment of tax by taxpayer association

⑤ legal provisions of tax credit under the 「Restirction of Special Taxation Act」

Political Fund Donation1000,000 won or lessover 100,000 won

⑥ Total of Tax Credits(①Income Tax Act+②Restriction of Special Taxation Act)

Details of Reserved Funds① Article (title) of the Restriction of Special

Taxation Act②

Code

Amount Deducted from the Taxable Income

Amount Added Back to the Taxable Income ⑦

Tax Registration No.③ Year ④ Amount ⑤ This Year ⑥ Accumulated

Amount


Instructions for Preparing Details of Penalty Taxes1. ① Penalty for Failure to File Returns & ② Willful Under-report: In case of a taxpayer subject to double bookkeeping, enter the larger amount either the figure calculated applying penalty rate on the under-reported or the revenue (in case of unreported). When a taxpayer subject to double bookkeeping fails to submit a balance sheet, income statement, compound trial balance sheet, statement of adjustment, and their supporting documents, it is deemed non-filing and he/she shall be subject to penalty tax of non-filing. If penalty tax on failure to file returns is applied to a business taxpayer subject to reporting his/her tax base of global income to a tax agent before filing a final return, along with penalty tax on failure to submit a Certificate of Compliant Tax Filing, penalty tax on failure to maintain adequate books and records and penalty tax on insincere entry of books and records, the largest amount of penalty would be imposed. If the amount of each penalty tax above is same, the taxpayer would be subject to paying the penalty tax on failure to file returns (refer to ∮47-2 ⑦ of the Framework Act on National Taxes).2. ③ Penalty Tax on Non-payment or Under-payment (excess refund): Starting from 2002 imputed income, 0.03% of penalty rate is applied. 3. ⑤ Additional taxes on no documentary evidence: When any businessman has not received documentary evidence such as tax invoices, credit card sales slip, cash receipts, etc., or has received false documentary evidence, put the corresponding amount applied by penalty tax rate. 4. ⑨ enalty for No-Bookkeeping: A taxpayer subject to Simple Bookkeeping, with gross revenue of over 48 million won during the preceding taxable period, fails to keep book and files an estimate return by Standard (Simplified) Expense Rate and a taxpayer subject to double bookkeeping fails to keep book by double-entry bookkeeping, enter the amount equivalent to 20% of the calculated tax amount. If the taxpayer is liable for penalty tax of both failure of bookkeeping and non filing, the greater amount is imposed. If the amount of penalty tax is the same for both, the penalty tax of non-filing shall be imposed. 5. ⑩ Penalties for failure to open/declare business-purpose bank accounts: When a taxpayer fails to open/declare business bank accounts within the due date, the taxpayer has to pay, as penalty, the amount calculated by multiplying 0.2/100 by the bigger amount either the revenue earned during the un-opened/un-declared period or the money remained on the business-purpose accounts.6. ⑩ Penalties for failure to use business-purpose bank accounts: When a taxpayer fails to use business-purpose bank accounts after opening/declaring them, the taxpayer has to pay, as penalty, the amount calculated by multiplying the money remained on the accounts by 0.2/100.7. ④ Penalties for unfaithful reportㆍ⑤ Additional taxes on no documentary evidenceㆍ⑥ failure to submit the specification of receipt receivedㆍ⑦ unfaithful report on business profile ㆍ⑬ Unfaithful report of donation

receipts: Enter the amount of penalty with a ceiling of up to 50 million won (if the taxpayer is not a SME, the penalty ceiling would be up to 100 million won) for one penalty according to the types of violation. In case of willful violation of tax duty, ceiling on the penalties to be entered is not applied.

8. ⑭ Penalty allocated to partnership: Enter penalty tax allocated to each partner group under the provision of ∮100-18 of the Restriction of Special Taxation Act.9. ⑮ Penalty tax on failure to submit Certificate of Compliant Tax Filing: If a business taxpayer subject to reporting his/her tax base of global income to a tax agent before filing a final return does not submit a Certificate of Compliant Tax Filing to the competent tax office by June 30 in the year following the relevant tax year, enter the amount calculated by multiplying the proportion of unreported business income to total global income with calculated global income tax amount and multiplying the value with 5/100. 10. If one meets one of the criteria for penalty deduction specified in ∮48-2 of the Framework Act on National Taxes, the amount can be deducted from the penalty tax.

Instructions for Preparing Details of Tax Prepaid1. ① Interim Prepayment for Global Income: Put the prepaid income tax amount.2. ② Tax paid on filing & ③ Tax amount pre-noticed of income from immovable property (land, etc.): Put the tax paid on filing of income from immovable property by a real estate dealer under Article 69 of the Income Tax or tax amount of the same income determined and notified by head of competent district tax office. 3. ④ㆍ Occasional Assessment : Put every income tax amount and the amount of special tax for rural development occasionally assessed under the Income Tax Law and the Special Tax for Rural Development.4. ⑤ Interest income: Put the total amount of ⑥ in ❺ Details of Interest Income.5. ⑥ Dividend income: Put the total amount of ⑨ in ❻ Details of Dividend Income.6. ⑦ㆍ Business income: Put the total amount of and in ❼ Details of Business Income.7. ⑧ㆍ Wage & Salary income: Put the total amount of ⑧ and ⑨ regarding the Wage & Salary Income in ❽ Details of Wage & Salary Income, Pension Income and Other Income. 8. ⑨ Pension Income & ⑩ Other Income: Put the total amount of ⑧ regarding the pension income and other income in ❽ Details of Wage & Salary Income, Pension Income and Other Income.

210㎜×297㎜(백상지 80g/㎡)

(Page 21 of 33 Pages) Details of Penalty Taxes

Classification Calculation Base Target Rate Amounts

① Penalty tax on failure to file returnsIntentional Calculated tax amount 40/100

Gross Revenue 14/10,000Unintentional Calculated tax amount 20/100

Gross Revenue 7/10,000② Penalty tax on under- reporting of income

Intentional Under-reported Amount 40/100Gross Revenue 14/10,000

Unintentional Under-reported Amount 10/100③ Penalty for unfaithfulpayment(refund)

Sum of Days Unpaid ( ) 3/10,000Amounts Unpaid

④ Penalties on unfaithful report

Withholding receiptsFailure to submit Non-submission Amt. 2/100Late submission Amt. late submitted 1/100

Payment record Failure to issue Value of supply 2/100Inaccurate Inaccurate Amt. 1/100

Sum table of invoiceFailure to submit Value of supply 1/100Late submission Amt. late submitted 0.5/100

Sum table of tax invoice by each supplierFailure to submit Value of supply 1/100Late submission Amt. late submitted 0.5/100

Sub-total⑤No documentary evidence

Non-receipt Non-receipt amount 2/100Receipt of false evidence Amount in false evidence 2/100

⑥ Failure to submit the specification of receipt receivedFailure in submitting Unreported Amount 1/100Obscurity in submitting Obscure Amounts 1/100

⑦ Unfaithful report on business profileFailure to file Gross Revenue 0.5/100Under-reporting Gross Revenue 0.5/100

⑧ Unfaithful registration ofco-invested business place

Failure to register/Fraudulent registration Gross Revenue 0.5/100Fraudulent registration of profit allocation ratio Gross Revenue 0.1/100

⑨ Failure to maintain adequate books and records Calculated Tax Amount 20/100⑩ Failure to use businesspurpose bank account

Failure to open/register Gross Revenue 0.2/100Failure to use Unused Amount 0.2/100

Failure to issue receiptsof credit card salesNon-issuance amount 5/100Number of Non-issuance 5,000 won

⑫ Non-issuance of cashreceiptsStores not issuing Gross Revenue 1/100Non-issuance amount 5/100Number of Non-issuance 5,000 won

Unfaithful report ofdonation receiptsUnfaithful issuance Unfaithful Amount 2/100Failure to record/maintain Unrecorded Amount 0.2/100

⑭ Penalty allocated to partnership⑮ Penalty tax on failure to submit a Certificate of Compliant Tax Filing Calculated tax amount 5/100 Total Amount

Details of Tax PrepaidClassification Income Tax Special Tax for Rural Development

Interim Payment for Global Income ①Tax paid on filing of Provisional margins from sale of land etc. ②Tax amount pre-noticed of Provisional margins from sale of land ③Tax occasionally assessed ④

Tax withheld and Tax collected by Taxpayer association

Interest Income ⑤ Dividend Income ⑥ Business Income ⑦

Wage & Salary Income ⑧ Pension Income ⑨Other Income ⑩

Total tax amount prepaid 210㎜×297㎜(백상지 80g/㎡)


Instructions for Preparing Calculation of Global Tax on Financial Income※ Do not use this form when your financial income consists of only non-taxable income and interest ․ dividend income

subject to separate taxation as stipulated in the Personal Income Tax Law and the Restriction of Special Taxation Act. 1. Definitions of the terms (1) "Financial Income" refers to interest income and dividend income that are globally taxed besides interest

income and dividend income subject to non-taxation or separate taxation under the Personal Income Tax Law and the Restriction of Special Taxation Act.

(2) "Financial Income free from withholding" (②,③,⑦)means interest income and dividend income not withheld under Article 127 of the Personal Income Tax Law (financial income received from abroad). In detail, interest income is classified into ③Interest from non-commercial loans and ② Other interest income.

(3) "⑫Amount exceeding threshold" means the amount remaining after deducting the Comprehensive taxing threshold amount (20 million won) from the taxable financial income.

* Standard amount for global taxation of financial income : 20 million won (40 million won by 2012) 2. Choice of the column (1) When comprehensively taxed aggregated financial income is more than the Comprehensive taxing threshold amount

(20 million won) a year: Write in column (⑤＋⑨) (2) If aggregated interest income and dividend income not withheld under Article 127 of the Personal Income Tax Law

is not more than 20 million won a year: Write in column (⑤＋⑨)

3. ①, ②, ③, ④: Enter the aggregate amount of ⑤ Taxable Interest Income in ❺ Details of Interest Income classified by income classification code.

4. ⑥ Dividend income subject to gross-up: Enter the sum of ⑥ Dividend Income for Gross-up of code 21 from ❻ Details of Dividend Income on page 7.⑦ Dividend income not withheld: Enter the sum of ⑤ Dividend Income of code 23 and 26 from ❻ Details of Dividend Income on page 7.

5. ⑧ Dividend besides ⑥,⑦: Subtract ⑥ from ⑤ (sum of code 21, 22, 29 respectively) from ❻ Details of Dividend Income on page 7.

6. ⑬ Gross-up for dividend received: ⑦ Gross-up amount (=Dividend Income subject to Gross-up (⑥) x Gross-up rate) of the Income Classification Code 21 in ❻ Details of Dividend Income.

7. ⑭ㆍㆍ: Enter the total income amount (excluding interest income and dividend income) from ⑤ Income after Deficit/Deficit Carried Over in ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction on page 13. If deficit for business income or deficit carried over is deducted from interest income, subtract the deductions.

8. In calculating tax (ㆍ), if the dividend income of a co-investor (Income Classification Code 28 in ❻ Details of Dividend Income) is included in the Other Global Income, write down the bigger amount between "a" and "b."

a. (Other Global Income including Dividend Income of a co-investor - income deduction) × basic tax rate b. Dividend Income of a co-investor × 14% ＋ [(Other Global Income - Dividend income of a co-investor) -

Income deduction] × basic tax rate 9. Income Deduction (ㆍㆍ): Enter figures under following calculation ( Sum of Exemptions and Deductions

- Excess of Global Limit of Income Deduction on Details of Exemptions and Deductions)10. ㆍ : Enter the sum of financial income withheld by applying 15/100 (incurred before Dec. 31, 2004) and

14/100 (incurred since Jan. 1, 2005) respectively. 11. : Enter the sum of financial income withheld by applying 15/100 (incurred before Dec. 31, 2004) and 14/100

(incurred since Jan. 1, 2005) respectively. However, where there exists dividend income as prescribed by Article 104-27 of the Restriction of Special Taxation Act, the tax rate (i.e. 9/100) as stipulated by Paragraph 1 of the said Article shall apply.

12. ㆍ : In case of interest income from non-commercial loans, apply 25/100. 13. under Tax credit for dividend on page 21: Enter the lesser amount between ⑬ and ( - ).

210㎜×297㎜(백상지 80g/㎡)

(Page 23 of 33 Pages) Calculation of Global Tax on Financial Income

Computation of Financial IncomeClassification Amount Classification Amount

① Interest income from non-commercial loans ⑥ Dividend income subject to gross-up ② Interest income not withheld ⑦ Dividend income not withheld ③ Interest income from non-commercial loansnot withheld ⑧ Dividend income besides ⑥ㆍ⑦ ④ Interest income besides ①, ② ⑨ Total dividend income (⑥＋⑦+⑧) ⑤ Total interest income (①＋②＋③＋④) In case where the amount of column (⑤+⑨) exceeds the threshold amount (20 million won)

In case where the amount of column (⑤+⑨) is not more than the threshold amount(20 million won)

Classification Amount Classification Amount Financial income (⑤+⑨) [(②＋⑦)× (14/100)] Global taxation threshold 20,000,000 [③×(25/100)] Amount exceeding threshold (⑩-) Global income other than financial income Gross-up for dividend received Income deduction Global income other than financial

income Tax base(－) Global income other than standard amount

(＋+) Basic tax rate Income deduction Tax calculated Tax Base(-) Calculated global income tax amount(＋+) Basic tax rate Tax calculated [×(14/100)] Tax amount comparatively calculated

(+) Interest from non-commercial loans

[(①+③)× 25/100] Financial income from sources other than

non-commercial loans (－(①+③) [×(14/100)] Global income other than financial

income() Income deduction Tax base(-) Basic tax rate Tax calculated Tax amount comparatively calculated

(++) Calculated global income tax amount

(the greater amount between and ) Tax credit for dividend The lesser amount between and (－)

210㎜×297㎜(백상지 80g/㎡)

(Page 24 of 33 Pages)Instructions for Preparing the Statement of Estimated Income Amount (for taxpayers subject to Standard Expense Rate)

※ This form, one for each business place, shall be filled out when an estimate return is filed using the Standard Expense Rate. The column is filled in the order of ① ~ ⑨, ~ , ⑩ ~ .

1. ① Income Classification Code: Write down the Income Classification Code (30, 40) in order. (1) Real Estate Rental Business Income: 30 (2) Other Business Income: 402. ② Serial No.: Set a serial no. for each business place regarding the real estate rental business income and

the other business income. If the number of business place is more than 1, write down the real estate rental business income and the sum of the real estate rental business income, and the other business income and the sum of the other business income by sequence.

3. Under boxes ① ~ ⑨, enter ⑦, ⑧, ⑨ by line of business and the total amount of each line in column Total Amount, if there exists more than one line of business at a business place. If there is only one line of business, enter the total amount in the right column "Total."

4. In the case of Purchase Expenses (~) and Rental Expenses (～) in Details of Calculation of Primary Expense,

(1) The received amount in regular documentary evidence (Tax Invoice, Invoice, Credit Card Sales Slip and Cash Receipt) is entered in ㆍ.

(2) In case of documentary evidence other than regular documentary evidence being received, enter in ㆍ respectively the amount mentioned in Details of Primary Expenses.

(3) The amount of such transactions which are not liable to receive regular documentary evidence, as each purchase amount is not more than 30,000 won, shall be entered in ㆍ.

5. In the case of Wages Expenses ( ~ ) (1) The amount of Receipt for Withholding and Statement Payment (employee contributions) for wages and

salaries and retirement payment submitted to the competent district tax office is entered in . (2) In case the withholding receipt or payment statement cannot be submitted, enter in . 6. ⑩ Primary Expenses included in Beginning Inventory and ⑫ Primary Expenses included in Ending

Inventory are filled only in the case they can be calculated separately. 7. ⑪: The amount of column of "Details of Calculation of Primary Expenses for the Current Tax Year" is

entered in. 8. ⑭: Enter Standard Expense Rate (%) by line of business.(for double-entry bookkeeping, standard expense rate×½)9. : Enter Simplified Expense Rate (%) by line of business.

10. : ⑨ Gross Revenue x (1 - Simplified Expense Rate)11. : x Ratio set by the ordinance of the Ministry of Strategy and Finance

(* 3.0 for double-entry bookkeeping and 2.4 for simplified bookkeeping)12. : Enter Standard Income Amount. A taxpayer may enter the lesser amount between and .

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(Page 25 of 33 Pages) Statement of Estimated Income Amount(only for taxpayers subject to Standard Expense Rate)

A. Calculation of Income① Income Classification Code ( ) ( ) Total( )② Serial No.

③ Place of Business

④ Taxable Period from . . . to . . .

⑤ Company Name⑥ Tax Registration No.⑦ Kind / Type of Business / / /⑧ Code by Type of Business⑨ Gross Revenue

Standard Income Amount

Necessary Expenses

Primary Expenses

⑩ Included in Beginning Inventory⑪ Paid for the Current Tax Year(＝)⑫ Included in Ending Inventory⑬ Total Amount (⑩＋⑪－⑫)

Expenses calculated by Standard Expense Rate

⑭ Standard Expense Rate (%)⑮ Amount(⑨× ⑭)

Total Expense (⑬＋ ⑮) Standard Income Amount (⑨ - )(if < "0," enter "0")

Alternative Income Amounts

Income calculated by Simplified Expense Rate

Simplified Expense Rate(%) Amounts [⑨×(1－)]

Alternative Income Amounts (×Ratio set by the ordinance of the Ministry

of Strategy and Finance) Income Amount (The lesser amount between and )

B. Details of Calculation of Primary Expenses for the Current Tax Year(per each place of business)

Classification Total(A)(＝B＋C＋D)

(B) Received Amount in Regular Documentary

Evidence(C) Amount included in Details of Primary

Expenses(D) Amount excluded in

Details of Primary Expenses

Purchase Expenses Rental Expenses Wages Expenses Total(＝⑪)

※ Attachments: Details of Primary Expenses210㎜×297㎜(백상지 80g/㎡)

(Page 26 of 33 Pages) Calculation of Global Tax on Financial Income (for real estate dealer)

1. A taxpayer shall fill in this form if he/she is professionally engaged in real estate transactions under Article 64 of the Income Tax Act, and has gains from house (including its ancillary land) transactions subject to global income (applicable to a taxpayer who has profits from sales of housing or land falling under one of any categories as specified in ∮104 ① 4 through 8 and ∮104 ① 10 of the Income Tax Act).

2. If a realtor has financial income subject to global income taxation, he/she should submit Calculation of Global Tax On Financial Income (for taxpayer having both financial income and gains from transaction of house) as well.

3. ① Sum of Global Income: The amount calculated by ∮64-1-1 of the Income Tax Act (1) ⓐ Total Income: Sum of ⑤ Taxable Interest Income (p 5), ⑧ Taxable Dividend Income (p 7), ⑧ Gross

Income Amount (p 9) and ⑤ Gross Receipt (p 11) (2) ⓒ Income Amount: Sum of ⑤ Income after Deficit/Deficit Carried Over (p 13) (3) ⓑ Necessary Expenses: [ⓐ Total Income] - [ⓒ Income Amount] (4) ⓓ Income Deduction (Capital Gains Deduction): Sum of Exemptions and Deductions (p 15)( ) (5) ⓔ Tax Base: [ⓒ Income Amount] - [ⓓ Income Deduction (Capital Gains Deduction)] (6) ⓖ Calculated Tax Amount: [ⓔ Tax Base] x [tax rate] - [progressive deduction amount]4. ② Sum: The amount calculated by ∮64-1-2 of the Income Tax Act (1) ⓐ ~ ⓒ: Same as ⓐ ~ ⓒ of column ① (2) ⓓ Income Deduction (Capital Gains Deduction): [amount of ③] + [amount of ④] (3) ⓔ Tax Base: [ⓒ Income Amount] - [ⓓ Income Deduction (Capital Gains Deduction)] (4) ⓖ Calculated Tax Amount: [calculated amount of ③] + [calculated amount of ④]5. ③ Global Income from Sources other than Gains from Transaction of House (1) ⓐ ~ ⓒ: [② Sum] - [④ Global Income from Sources Gains from Transaction] (2) ⓓ Income Deduction (Capital Gains Deduction): Same as the amount of ① (3) ⓔ Tax Base: [ⓒ Income Amount] - [ⓓ Income Deduction (Capital Gains Deduction)] (4) ⓖ Calculated Tax Amount: [ⓔ Tax Base] x [tax rate] - [progressive deduction amount]6. ⑤ ~ ⑪: Profit margin on purchase and sale of houses, etc. is calculated by the tax rate of Capital Gains

in one of items from ∮104①-4 to ∮104①-8 and ∮104①-10 of Income Tax Act. (1) ⓐ ~ ⓒ: ⓒ Income Amount is calculated by [ⓐ Value of house sales/purchase] - [ⓑ Necessary

Expenses] by ∮163-1~5 of Enforcement Decree of Income Tax Act. (2) ⓓ Income Deduction (Capital Gains Deduction): The amount of Capital Gains deduction is 2.5 million

won per year. Profit margin on purchase and sale of unregistered houses is not subject to Capital Gains deduction.

(3) ⓔ Tax Base: [ⓒ Income Amount] - [ⓓ Income Deduction (Capital Gains Deduction)] (4) ⓖ Calculated Tax Amount: [ⓔ Tax Base] x [tax rate] - [progressive deduction amount]7. ⓕ Tax Rate: Enter whichever one that is applicable of the tax rates provided by Article 55 and Article

104 of the Income Tax Act. 8. Tax amount comparatively calculated: The greater amount between ⓖ Calculated Tax Amount of ① Sum

of Global Income and ⓖ Calculated Tax Amount of ② Sum of Tax amount comparatively calculated is the amount of Comparisons of Calculated Global Income Tax amount comparatively calculated.

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(Page 27 of 33 Pages) Global Income Tax Calculation Form (for real estate dealer)

1. Comparisons of Calculated Global Income Tax

Classification ① Sum of Global Income

Tax amount comparatively calculated

② Sum ③ Global Income from Sources Other than Gains

from Transaction of House

④ Global Income from Sources Gains from

Transaction of House (⑤+ ~ +⑪)

ⓐ Total Income (House Sales

/Purchase Value)

ⓑ Necessary Expenses

ⓒ Income Amount

ⓓ Income Deduction(Capital Gains Deduction)

ⓔ Tax Base

ⓕ Tax Rate

ⓖ Calculated Tax Amount 2. Calculated tax amount on profit margin on purchase and sale of houses, etc.

Classification

⑤Assets subject to the

progressive rate

⑥Assets

subject to the progressive rate + 10%

⑦Assets subject to 40% tax rate

⑧Assets

subject to 45%

tax rate

⑨Assets

subject to 50%

tax rate

⑩Assets

subject to 60%

tax rate

⑪Assets

subject to 70%

tax rate(unregistered

asset)ⓐ Total Income (House Sales

/Purchase Value)

ⓑ Necessary Expenses

ⓒ Income Amount

ⓓ Income Deduction(Capital Gains Deduction)

ⓔ Tax Base

ⓕ Tax Rate

ⓖ Calculated Tax Amount

210㎜×297㎜(백상지 80g/㎡)

(Page 28 of 33 Pages)Instructions for Preparing Calculation of Global Tax on Financial Income(for taxpayers having both financial income and gains from transaction of house)

1. Definitions of the terms (1) "Financial Income" refers to interest income ․ dividend income that are globally taxed besides interest income

․ dividend income subject to non-taxation or separate taxation under the Personal Income Tax Law and the Restriction of Special Taxation Act.

(2) "Financial income free from withholding" (②,③,⑦) means interest income and dividend income not withheld under Article 127 of the Personal Income Tax Law (financial income received from abroad). In detail, interest income is classified into ③ Interest income from non-commercial loans and ② Other interest income.

(3) " Amount exceeding threshold" means the amount remaining after deducting the Comprehensive taxing threshold amount (20 million won) from the taxable financial income.

* Standard amount for global taxation of financial income : 20 million won (40 million won by 2012) 2. Choice of the column ( or ) (1) When comprehensively taxed aggregated financial income (⑤＋⑨) is more than 20 million won a year: Write in column (2) If aggregated financial income (⑤＋⑨) not withheld under Article 127 of the Personal Income Tax Law is less than 20 million

won a year: Write in column .3. ①, ②, ③, ④: Enter the aggregate amount of ⑤ Taxable Interest Income in ❺ Details of Interest Income

classified by income classification code. (e.g.) ①: Put the total amount classified as code "11," ②: Put the total amount classified as code "12ㆍ15,”

③: Put the total amount classified as code "17," ④: Put the total amount classified as code "13ㆍ16"

4. ⑥ Dividend income subject to gross-up: Enter the sum of ⑥ Dividend Income for Gross-up of code 21 from ❻ Details of Dividend Income.⑦ Dividend income not withheld: Enter the sum of ⑤ Dividend Income of code 23 and 26 from ❻ Details of Dividend Income.

5. ⑧ Dividend besides ⑥,⑦ : Subtract ⑥ from ⑤ (sum of code 21, 22, 29 respectively) from ❻ Details of Dividend Income.6. Gross-up for dividend received: Enter the sum of ⑦ under code 21 of ❻ Details of Dividend Income on page 7.7. ㆍㆍ Global income other than financial income: Write the total income amount excluding interest income

and dividend income from ⑤ Income after Deficit/Deficit Carried Over of ❾ Details of Global Income, Deficit and Deficit Carried Over Deduction. If deficit for business income or deficit carried over is deducted from interest income, subtract the deduction.

8. When the tax amount of each ㆍㆍㆍ is calculated, if dividend income (code 28 of ❻ Details of Dividend Income) of a co-investor is included in other global income amount, enter the lesser amount between ① and ② below.

① (Other global income amount including dividend income of a co-investor - income deduction) × basic tax rate ② Dividend income of a co-investor × 14% ＋ [(other global income amount - dividend income of a co-investor)

- income deduction] × basic tax rate9. ㆍㆍ: Enter figures under following calculation ( Sum of Exemptions and Deductions - Excess of

Global Limit of Income Deduction on Details of Exemptions and Deductions)10. ㆍ : Enter the sum of financial income withheld respectively at 15/100 (incurred before Dec. 31, 2004) and

at 14/100 (incurred since Jan. 1, 2005). However, where there exists dividend income as prescribed by Article 104-27 of the Restriction of Special Taxation Act, the tax rate (i.e. 9/100) as stipulated by Paragraph 1 of the said

Article shall apply.

11. : Enter the sum of financial income withheld respectively at 15/100 (incurred before Dec. 31, 2004) and at 14/100 (incurred since Jan. 1, 2005).

12. ㆍ: In case of interest from non-commercial loans, apply 25/100 of tax rate13. under Tax credit for dividend (refer to page 27): Enter the lesser amount between and [(－(the larger

amount between and )]14. ㆍ Gains from Transaction of House before Capital Gains Deduction: Enter ⓒ Income Amount of ④ Global

Income from Sources Gains from Transaction of House in the Global Income Tax Calculation Form (for real estate dealer)

15. ㆍ Tax on Gains from Transaction of House: Enter ⓖ Calculated Tax Amount of ④ Global Income from Sources Gains from Transaction of House in the Global Income Tax Calculation Form.

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(Page 29 of 33 Pages) Calculation of Global Tax on Financial Income

(for taxpayers having both financial income and gains from transaction of house) Computation of Financial Income

Classification Amount Classification Amount① Interest income from non-commercial loans ⑥ Dividend income subject to gross-up② Interest income not withheld ⑦ Dividend income not withheld③ Interest income from non-commercial loans not withheld ⑧ Dividend income besides ⑥ㆍ⑦④ Interest income besides ①ㆍ② ㆍ③ ⑨ Total dividend income (⑥＋⑦+⑧)⑤ Total interest income (①＋②＋③+④) In case where the amount of financial income(⑤＋⑨) exceeds the threshold amount (20 million won) In case where the amount of financial income (⑤＋⑨) is not more than the threshold amount (20 million won)

Classification Amount Classification Amount Financial income (⑤＋⑨) [(②＋⑦)×(14/100)] Global taxation threshold 20,000,000 [③ × (25/100)] Amount exceeding threshold (⑩-) Global income other than financial income Gross-up for dividend received Global income() Global income other than financial income Income Deduction Global income other than standard amount(＋+) Tax Base(－) Income deduction Basic tax rate Tax base (-) Tax calculated Basic tax rate Tax amount comparatively calculated (＋+) Tax calculated Gains from Transaction of House before Capital Gains Deduction [⑩×(14/100)] Tax Base not including Gains from Transaction of House(－) Tax amount comparatively calculated(＋) Basic tax rate Gains from Transaction of House before Capital Gains Deduction Tax calculated Tax Base not including Gains fromTransaction of House (－) Tax on Gains from Transaction of House Basic tax rate Tax amount comparatively calculated(＋+＋) Tax calculated Calculated global income tax amount (the greater amount between and ) Tax on Gains from Transaction of House Tax credit for dividend Tax amount comparatively calculated(+＋) The lesser amount between and[(－(the greater amount between and )] Interest from non-commercial loans[(①)+③)×25/100] Financial Income excluding profit fromnon-business loan[－(①+③)] [× (14/100)] Global income other than financial income () Income deduction Tax base(－) Basic tax rate Tax calculated Tax amount comparatively calculated(＋＋) Tax Base not including Gains fromTransaction of House(－) Basic tax rate Tax calculated Tax amount comparatively calculated(＋＋＋) Calculated global income tax amount(the greater amount among , , and )

210㎜×297㎜(백상지 80g/㎡)

(Page 30 of 33 Pages)Instruction for Preparing Details of Tax Payable in Instalments of Stock Option

1. This form is eligible for an executive/employee of a venture company who applies a special case on tax payment for gains of stock option excercise to its withholding agent by December 31, 2015 or a resident who applies it to head of tax office having the jurisdiction over the place of tax payment when he files the Global Income Tax returns under the Restriction of Special Taxation Act §16-2.

2. Taxpayers shall file global income tax base including gains of stock option exercise at the final return/payment on global income tax base. Taxpayers may exclude following amounts(tax amount for special case on tax payment)

{(Income tax relevant to gains of stock option exercise)-(tax determined in the relevant taxable period - income by exercising stock option among global income of the relevant taxable period)}*2/3

3. Where an income tax is paid according to 2, an executive official of a venture company shall respectively pay 50% of the tax amount for special case on tax payment on the day of final return/payment on global income tax base by the following two years after the taxable year that includes the exercising day of stock option.

4. Gains of stock option exercising status should be entered by each company that generates gains from stock option exercising.

5. Fill in ⑫Special case on tax payment section with 2/3 amount for the determined tax

amount on global income of the relevant taxable period that excludes determined tax

amount which excludes gains of stock option excercise among total wage and salary(others)

income earnings.

6. Fill in ⑬ Taxation period accrued section with the taxable period that special case of payment on gains of stock option exercise is applied and with the tax amount for special case on tax payment(tax payable in instalments).

7. Fill in ⑮ First year and ⑯ Second year section with the tax payable (50% of tax payable in instalments) subject to be filed on the day of final return/payment on global income tax base by the first and second year after taxable period that includes the day of exercising stock option.

8. Fill in ⑰ Balance section with the figure of following calculation. ⑭ Taxable Amount for Special Case on Tax Payment at the Day of Taxation Period Accrued -

payment amount of ⑮ First year and ⑯ Second year

210mm×297mm[백상지 80g/㎡(재활용품)]

(Page 31 of 33 Pages)Statement of Details of Tax Amount for Special Case on Tax Payment regarding Gains of Stock

Option Exercise Gains from stock option exercise

① Company

name② Tax Reg.

No.

receiving stock option Exercising stock option⑨ gains from

exercise{⑦× (⑧-⑤)}③

Date④ No.

of stock options

⑤ excercise price per

share⑥ Date

⑦ No. of stock options

⑧ per-share price

Calculation on tax amount for special case on tax payment

Classification⑩ Stock option (including

gains from exercising stock option)

⑪ Stock option (excluding gains from

exercising stock option)

⑫ tax amount for special case on tax

payment (⑩ - ⑪) ×2 / 3

ⓐ Wage & Salary(Other) Income amountⓑ Global Income amountⓒ Income tax deductionⓓ Tax baseⓔ Tax rateⓕ Tax calculatedⓖ Tax exemptionⓗ Tax creditⓘ Tax determined

210㎜× 297㎜(백상지 80g/㎡)

Calculation on tax amount in installments ⑬Taxation Period

Accrued⑭Taxable Amount for Special Case on Tax

Payment at the Day of Taxation Period Accrued

Payment Amount ⑰Balance(⑭-⑮-⑯)⑮First

Year⑯Second

Year

(33쪽 중 제32쪽)

Instructions for Preparing Calculation of Global Tax on Financial Income(For Flat tax rate for Foreign Employee)

1. This form shall only be filled by persons to which the single tax rate under Article 18-2 (2) of the

Restriction of Special Taxation Act apply.

2. ① Income Classification Code: Choose appropriate codes mentioned below and enter the code in numerical order. ○ The classification code of wage and salary income (1) Wage and salary income subject to withholding tax according to the Art. 127 of the Income Tax Act (excluding wages and salaries received from the U.S. Armed Forces in Korea): 51 ※ This includes wage and salary income received for providing services in Korea. (2) Wages and salaries received from the U.S. Armed Forces in Korea: 52 (3) Wage and salary income received for providing services abroad: 53 (4) Wage and salary income of the member who joins a taxpayer association: 55 (5) Wage and salary income incurred from the exercise of stock option granted by foreign companies: 56 (6) Wage and salary income not subject to withholding tax according to the Art. 127 of the Income Tax Act: 57 ※ This includes wage and salary income received from foreign organizations, the U.N. Forces (except U.S. army), foreigners or foreign corporations outside Korea (excluding wage and salary received from foreign corporation's domestic branches and domestic business office/place.)3. ② Serial No.: Set a serial no. by each code. If the number of code is more than two, write down the sum of income by classification code in the last line.4. Write down ③ Company Name (Name) and ④ Tax Registration No.(Resident Reg. No.) of those who are paying wage and salary income. But the worker who has wage and salary income incurred from the exercise of stock option granted by foreign companies shall write down the name or tax registration no. of foreign head quarters which have the stock option concerned, domestic branch, liaison office or the foreign invested company. 5. ⑤ Annual wage & salary income: Put the total amount of annual wage & salary income (including non-taxable income) by employer. 6. ⑥ Income tax amount withheld: Put the income tax amount withheld by employers. As the local income

tax amount is calculated and put on page 3, please do not include it in this column.7. ⑦ Tax base: Put the total amount of annual wage & salary income in the column of ⑤. 8. ⑧ Tax rate: Put the tax rate prescribed in Article 18-2 ② of the Restriction of Special Taxation Act.

9. The aggregated amount of Tax Calculated (➈) shall be written down in Tax Calculated () and Tax Prepaid () in page 3, but not in the ⓰ Details of Tax Prepaid in page 21.

210㎜×297㎜(백상지 80g/㎡)

(33쪽 중 제33쪽)

Calculation of Global Income Tax (for foreign workers subject to special taxation)

1. Details of Wage & Salary Income

①Income classification

code②Serial number

Employers⑤Annual wage &

salary income⑥Income tax amount

withheld③Name of company (individual) ④Business (resident) registration number

2. Calculation of tax amount

⑦Tax base ⑧Tax rate ⑨Calculated tax amount(⑦×⑧)

17%

210㎜×297㎜(백상지 80g/㎡)