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【Main Issues and Holdings】
In a case where a nonprofit Korean corporation operates a profit-making business under Article 2(1) of the former Enforcement Decree of the Corporate Tax Act, whether a corporate tax is levied only on the income directly accruing from its business activities as the “income accruing from profit-making business” under Article 3(3)1 of the former Corporate Tax Act (affirmative in principle)
Whether property for profit-making businesses that a nonprofit Korean corporation operating a profit-making business received as a gift from another person is subject to a gift tax (affirmative)
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