| contents | |||||||||
| 2. Tax Laws and Regulations | |||||||||
| A Presidential Decree may be set in order to enforce the tax | |||||||||
| laws. The Minister of Finance and Economy also enacts Ministerial | |||||||||
| Decrees to enforce the Presidential Decree, to make rulings and | |||||||||
| authoritative interpretations of the laws, and to enforce the | |||||||||
| decrees. In addition to the Presidential and Ministerial Decrees, the | |||||||||
| Commissioner of the National Tax Service may issue administrative | |||||||||
| orders and rules to ensure the consistent application of the laws. | |||||||||
| The courts of justice have the final authority in interpreting the | |||||||||
| tax laws, and the rulings and interpretations by tax authorities do | |||||||||
| not bind. | |||||||||
| The Constitution also provides for the principle of local | |||||||||
| autonomy. Under this principle, local governments are given the | |||||||||
| right to assess and collect local taxes. The Local Tax Law, the | |||||||||
| Presidential Enforcement Decree on Local Tax Law, and the Ministerial | |||||||||
| Enforcement Decree on Local Tax Law are enacted under the | |||||||||
| Constitution. | |||||||||