According to a recent report from the Korea Herald (English-language), South Korea's Deputy Prime Minister and Finance Minister Hong Nam-ki announced on 12 April 2019 that the government's plan to cut taxes on stock transactions will be implemented with effect from 3 June 2019. As previously announced, the new tax rate cuts are as follows:
The planned cut of 0.05 percentage points for unlisted stocks to 0.45 percent, however, will require legislative approval and is to be implemented next year.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.