A. Laws and Regulations

 a. Article 5-1 and 46-1 of the Tax Collection Act

 b. Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions

 c. Financial institutions are listed as “Entities that Present a Low Risk of Being Used to Evade Tax.”(abolished)

 d. Financial accounts are listed as “Financial Accounts that Present a Low Risk of Being Used to Evade Tax.”

 e. The reporting period for gross proceeds described in item 2 of subparagraph 5 of paragraph 1 of Article 50 of the Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions

B. Directions and Decrees 

 a.  Directions Governing Electronic Reporting with Respect to the Implementation of Financial Account Information in Tax Matters for Financial Institutions  

 b.  An Explanatory Decree of Article 4 and Article 22 of the “Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions” regarding the definitions of the terms “Related Entity” and “Preexisting Account” 

 c. An explanatory decree of Article 33 and Article 50 of the “Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions” regarding the scope of Financial Accounts on which Reporting Financial Institutions shall perform due diligence and reporting

C. Announcements

 a. List of Participating Jurisdictions

 b. List of Reportable Jurisdictions

 c. Extending the reporting deadline for 2020 Financial Account information in tax matters due to the impact of the COVID-19 pandemic

 d. Extending the reporting deadline for 2021 Financial Account information in tax matters due to the impact of the COVID-19 pandemic