June 24, 2020 / 11:20 PM / a month ago

S.Korea to impose capital gains taxes for stock investments exceeding 20 mln won a yr

SEOUL, June 25 (Reuters) - South Korea’s finance minister on Thursday said the government plans to impose capital gains taxes on annual stock investment gains exceeding 20 million won ($16,587) starting 2023.

Stock transaction taxes, on the other hand, will gradually be lowered to 0.15% by 2023 from the current 0.25%, Hong Nam-ki said in a policy meeting.

The tax code revisions needs parliamentary approval, he said. ($1 = 1,205.7600 won) (Reporting by Cynthia Kim; Editing by Himani Sarkar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below