Supplementary Provisions, Article 9Transitional Measures Concerning Withholding from Retirement Income

①The provisions of Article 201 of the New Income Tax Act apply to severance pay or other such compensation (meaning severance pay or other such compensation prescribed in Article 199 of the Income Tax Act; the same applies hereinafter in this Article) payable on or after January 1, 2022, and the provisions then in force continue to govern severance pay or other such compensation payable before that date.

②The provisions of Article 203, paragraph (1) of the New Income Tax Act apply to declarations under the provisions of that paragraph that are submitted with respect to severance pay or other such compensation to be received on or after January 1, 2022, and the provisions then in force continue to govern declarations under the provisions of Article 203, paragraph (1) of the Former Income Tax Act that were submitted with respect to severance pay or other such compensation to be received before that date.