ATJ Asian Tax Journal

Asian Tax Journal

Print ISSN 1738-3323 Online ISSN 2733-9270

A Study on the Method of Activation for the Electronic Promissory Note－ On Focusing for the System of Tax Incentives －

  • Han, Young Hee Namseoul University

Asian Tax Journal Vol. 6 No. 4 (2005), pp. 263-279

Abstract

At the present time, Rapidly spreading instant use of electronic payment systems are facilitating changes and development in commercial transaction. This study defines not only data massages and electronic promissory note(hereinafter EPN) but also deals with legal effects and information processing systems under electronic promissory note act(2005) which is became effective act in Korea. This study is to theoretically contemplate the promissory note system and to examine the need and legal conditions of the EPN as an alternative of the paper note. Furthermore, it is to suggest some proposals about tax incentives that the range of tax relief in Regulation of Tax Reduction and Exemption Act should extend to include EPN. It will ultimately help to activate the development of the electronic promissory note system.

Keywords

  • Electronic Promissory Note(EPN)
  • Electronic Promissory Note Act(2005)
  • tax incentives

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Asian Tax Journal

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