South Korea to scale back stock capital gains tax, delay crypto tax

The introduction of the financial investment income tax, which was scheduled to be imposed from next year, will be deferred for two years, and during the grace period, stock transfer tax will be levied only on holders of 10 billion won or more per stock. The securities transaction tax will be cut to 0.20% next year (currently 0.23%).

7

South Korea plans to cut the threshold for stock capital gains tax to individuals holding publicly traded shares worth 10 billion won or more from the current 1 billion won, South Korea’s finance ministry says in statement on new government’s economic policy direction. The statement didn’t say when the change will be implemented.

Currently, capital gains tax is levied on individuals holding equities worth 1 billion won or more, and holders of more than 1% stake in Kospi members or 2% stake in Kosdaq firms.

Separately, South Korea also plans to cut transaction tax on stock trading to 0.2% in 2023 from 0.23%, and to delay planned financial investment income taxation for two years to 2025. South Korea had planned to levy 20-25% tax if annual capital gains from stock investment exceeds 50 million won from 2023.

Similar to the financial investment income taxation, the virtual asset tax, which was scheduled to be implemented from 2023, will be deferred for two years. Taxes on bonds and funds will remain as they are for the next two years.

7 COMMENTS

  1. I’m very excited to inform everyone that I’m completely cured from HSV1&2 recently. I have used Oregano oil, Coconut oil, Acyclovir, Valacyclovir, Famciclovir, and some other products and it’s really help during my outbreaks but I totally got cured from HSV1&2 with a strong and .active herbal medicine ordered from a powerful herbalist called Dr Ishiaku and it completely fought the virus away my nervous system and I tested negative after 14 days of using the herbal medicine. I’m here to let everyone know that herpes virus has a complete cure, I got rid of it with the help of Dr Ishiaku and his herbal exploit. Contact him via email: ishiakuherbalcure@gmail.com or WhatsApp him at +2348180828544.

  2. CRYPTO RECOVERY IS REAL!!!

    ( Morris Gray 830 At gmail Dot Com, is the man for the job ) This man is dedicated to his work and you can trust him more than yourself. I contacted him a year and a half Ago and he didn’t succeed. when i got ripped of $491,000 worth of bitcoins by scammers, I tried several recovery programs with no success too. I kept on. And now after so much time Mr Morris Gray contacted me with a success, and the reward he took was small because obviously he is doing this because he wants to help idiots like me who fell for crypto scam, and love his job. Of course he could have taken all the coins and not tell me , I was not syncing this wallet for a year, but he didn’t. He is the MAN guys , He is! If you have been a victim of crypto scam before you can trust Morris Gray 10000000%. I thought there were no such good genuine guys anymore on earth, but Mr Morris Gray brought my trust to humanity again. GOD bless you sir…you can reach him via ( MORRIS GRAY 830 at Gmail dot com ) or Whatsapp +1 (607)698-0239…

  3. Cauldon Ceramics is a family business that specializes in the manufacture and sale of beautiful and innovative hand-made Brown Betty teapots and tea accessories. It is very pleasing to look at and use more information to visit our Teapot shop

  4. We kunnen u ook helpen uw verlopen Belgisch rijbewijs binnen drie tot vijf dagen zonder stress te vernieuwen. Ook kunnen we een buitenlander helpen om binnen een week een buitenlands rijbewijs om te wisselen naar een Belgisch. Neem nu contact met ons op om hulp te krijgen.
    Whatsapp-nummer:+32 460 24 65 88
    https://www.echt-rijbewijs.com/

  5. Cauldon Ceramics is a family business that specializes in the manufacture and sale of beautiful and innovative hand-made Brown Betty teapots and tea accessories. It is very pleasing to look at and use more information to visit our Teapot shop

  6. My husband had ALS, first symptom was weakness in his fingers, one day, we had a dream life with early retirement and then, when we went to find out about the weakness, our whole world almost changed. There are so many things that can be said about the suffering and frustration of people with ALS, we look back now and realize in many ways how lucky we were to found Dr. Timothy herbal cure that was able to get rid of my husband ALS disease totally, we had time to enjoy life and above all we all had time to also share this great testimony , many people lose loved ones without closure. I can’t imagine going thru all that you or your family had to live with daily, do not hesitate to contact https://5dc41d5b6d60d.site123.me or email goodhealthherbalfoundation@yahoo. com for ALS cure

  7. Cauldon Ceramics is a family business that specializes in the manufacture and sale of beautiful and innovative hand-made Brown Betty teapots and tea accessories. It is very pleasing to look at and use more information to visit our Teapot shop

LEAVE A REPLY

Please enter your comment!
Please enter your name here