Abstract

The regulation about separate taxation on other income was consisted of two parts. The one thing is unconditional separate taxation on designated items regardless of their amount. The other is assigning the option about separate taxation to taxpayers if the sum of other income does not exceed three million won. This research was conducted in order to analyze confusions about the conditional separate taxation on other income and to find the improvement proposal on these problems. According to this analysis, current provision drives some aggregate taxation items into the bunch of conditional separate taxation when calculating the money criterion(three million won). The current regulation has a logical confusion that some aggregate taxation items inflict on conditional separate taxation and the others do not. Therefore to remedy these problems and to improve the coherence of the regulation, it is necessary to reform the regulation towards excluding all aggregate taxation items when calculating the money criterion. And there is one more problem in current regulation that the invention rewards after retirement are taxed aggregately but the gains from stock option after retirement are taxed separately. This shortcoming may results from complicated structure of current regulation and its vague context. This problem can be resolved through reforming the tax regulation by the same way.

Keywords

• separate taxation
• other income
• option about separate taxation

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