OrbitaxOrbitax

South Korea to Implement Changes in the Taxation of Securities Transactions

|Proposed Changes|Korea, Rep of
Korea, Rep of

On 25 June 2020, South Korea's Ministry of Economy and Finance announced plans for changes in the taxation of securities transactions. One of the key changes is an increase in the taxation of capital gains from securities transactions by removing the distinction between large shareholders and other shareholders and the introduction of a new progressive tax on gains.

Currently, investors are g…

Continue Reading