Article 607Collection of Tax Deficiency and Delinquency Charges on Special Land Holding Tax

①If a reassessment or determination under paragraphs (1) to (3) of the preceding Article has been made and there is a tax deficiency (meaning the tax deficiency by reassessment or the tax amount by determination; the same applies hereinafter in this Section), a municipal tax collection official must collect it, with the due date for payment being the day on which one month elapses from the day on which the notification under paragraph (4) of that Article was given.

②In the case referred to in the preceding paragraph, an amount of delinquency charge calculated by multiplying the tax deficiency by a rate of 14.6 percent per annum (7.3 percent per annum for the period up to the due date for payment referred to in the preceding paragraph (for tax amounts for which collection was deferred under Article 601, paragraph (3) or (4) (including where these provisions are applied mutatis mutandis under Article 602, paragraph (2) and Article 603-2-2, paragraph (2)), Article 603, paragraph (3) or Article 603-2, paragraph (5), the last day of the period of that deferral; the same applies hereinafter in this paragraph), or for the period up to the day on which one month elapses from the day following that due date for payment), according to the number of days in the period from the day following the due date for payment under Article 599, paragraph (1) to the day of payment, must be added and collected.

③If the mayor of the municipality finds that there is an unavoidable reason for a taxpayer having received a reassessment or determination under paragraphs (1) to (3) of the preceding Article, the mayor may reduce or exempt the amount of delinquency charge referred to in the preceding paragraph.