From 2023, the government will tax the capital gains of domestic listed stocks, regardless of whether they are small shareholders or large shareholders, but will not tax up to 20 million won annually.
Incorporating income and loss for financial investment income, we introduce a profit-and-loss calculation that taxes only on net profit, and allow for carryover of losses within three years.
The current securities transaction tax of 0.25% is cut by a total of 0.1% points over two years in 2022 and 2023.
Deputy Prime Minister Hong Nam-ki and the Minister of Strategy and Finance announced the direction of promoting financial tax advancement for the purpose of revitalizing financial investment and rationalizing taxation at the '8th Emergency Economic Central Countermeasures Headquarters' held at the Seoul Metropolitan Government Office today (25th). Revealed.
(Photo = Yonhap News)
Government "Taxable capital gains from small shareholders from 2023"
2020-06-25T00:12:45.759Z
From 2023, the government will tax the capital gains of domestic listed stocks, regardless of whether they are small shareholders or large shareholders, but will not tax up to 20 million won annually. Incorporating income and loss for financial investment income, we introduce a profit-and-loss calculation that taxes only on net profit, and allow for carryover of losses within three years.
Source: sbskr