Article-by-article commentary on the basic corporate tax notification (12th edition)

◆The Basic Corporate Tax Circulars are the general and fundamental interpretation standards for corporate tax. Understanding the theoretical basis and history behind the enactment of each article of the circulars allows for correct understanding and practical application.

◆This book provides a detailed explanation of all items in the Basic Corporate Tax Circulars, including the original text of the circular, the history of amendments, an overview of related laws and regulations, its relationship to previous circulars, practical explanations including the purpose and intent of the articles, and the application period.

◆The content is explained in detail, allowing for concrete understanding.

◆This edition includes content up to the Amendment Circular No. 2-7 dated June 30, 2025.

◆With the publication of the "New Lease Accounting Standards," the lease tax system was amended in the 2025 tax reform. This revision includes additions and revisions to the circular explanations corresponding to this amendment. Furthermore, other timely revisions to the explanations have also been made.

◆An essential book for professional accountants, accounting staff, and tax officials.