Supplementary Provisions, Article 3Transitional Measures Concerning Commutation Allowances Treated as Nontaxable

The provisions of Article 20-2 (Commutation Allowances Treated as Nontaxable) of the New Order apply to commutation allowances prescribed in that Article that are to be received on or after the date of enforcement of this Cabinet Order (hereinafter referred to as the "Effective Date") (excluding those that are additionally paid as the difference in those commutation allowances that were to be received before the Effective Date), and the provisions then in force continue to govern commutation allowances prescribed in Article 20-2 (Commutation Allowances Treated as Nontaxable) of the Order for Enforcement of the Income Tax Act prior to amendment (hereinafter referred to as the "Former Order") that were to be received before the Effective Date (including commutation allowances that are to be received on or after the Effective Date and are additionally paid as the difference in those commutation allowances that were to be received before the Effective Date).