|
|
 Securities
Transaction Tax |
Securities transaction tax is levied on all
sales of stocks, whether the stock is listed
or not. |
กค
0.15% of the sale price of stocks traded on
KSE, along with 0.15% percent special tax
for
rural development,
กค 0.3 percent for stocks traded on KOSDAQ
กค 0.5 percent for stocks traded on the Free Board
|
| Trading
Type |
Listed Stock
|
Unlisted Stock
|
Special Tax
|
| Stock Market of KRX |
0.15
|
---
|
0.15
|
| KOSDAQ of KRX |
0.3
|
---
|
--- |
| Free Board |
0.5 |
0.5 |
---
|
|
|
However, no tax is levied when a foreign corporation,
established for the purpose of securities investments,
sells on the Korea Exchange the stocks that the foreign
corporation has purchased upon obtaining a permission for
securities investment in Korea from the Minister of Finance and Economy
pursuant to the Foreign Exchange Transaction Act or the Securities and Exchange Act. |
| Other
Taxation |
|
Inheritors, regardless of whether they have
domiciles in Korea, who acquire property by
inheritance or bequest are subject to inheritance
tax. |
|
Gift tax, imposed in similar circumstances
to the above, is levied if the value of the
relevant property is above a certain limit
and also varies according to the identity
of the parties involved. |
|
Under the current Korean inheritance and gift
tax laws, bonds and shares issued by Korean
corporations are deemed as being located in
Korea, irrespective of where they are physically
located or by whom they are owned. These taxes
are presently not included in any tax treaties.
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