Title

Tax withholding on interest income from non-business loans

Summary

If the rights and obligations are comprehensively succeeded to the merged corporation by absorbing a corporation whose interest claim is already finalized, the merged corporation shall succeed to the tax liability.

Related statutes

Article 16 of the Income Tax Act

Text

The appeal is dismissed.

Reasons

We examine the grounds of appeal in comparison with the records and the judgment of the court below. Since it is clear that the grounds of appeal by the appellant fall under Article 4 of the Act on Special Cases Concerning the Procedure for Appeal, it is dismissed under Article 5 of the same Act, and it is so decided as per Disposition by the assent