Article 701-59Collection of Tax Deficiency and Delinquency Charges for Business Office Tax

①Where a reassessment or determination under Article 701-58, paragraphs (1) to (3) has been made and there is a tax deficiency (meaning the tax deficiency due to reassessment or the tax amount due to determination; the same applies hereinafter in this Section), a tax collection official of a designated city, etc. must collect it, with the day on which one month elapses from the day on which the notice under Article 701-58, paragraph (4) was given as the due date for payment.

②In the case of the preceding paragraph, an amount of delinquency charge equivalent to the amount 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 or 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 701-46, paragraph (1) or Article 701-47, paragraph (1) (where the due date for payment has been extended, the extended due date for payment; referred to as the "due date for payment of business office tax" in the following Article) to the day of payment, must be added to it and collected.

③The head of a designated city, etc. may reduce or exempt the amount of delinquency charge under the preceding paragraph if the head finds that there are unavoidable grounds for the taxpayer having received a reassessment or determination under paragraphs (1) to (3) of the preceding Article.