Hanwha Investment & Securities Offers Free Filing Services for Comprehensive Financial Income Tax and Gift Tax
Until the 19th of Next Month... Proxy Reporting for Capital Gains Tax on Overseas Stocks and Derivatives Also Underway
[Asia Economy Reporter Kum Boryeong] Hanwha Investment & Securities is launching a 'Free Filing Agency Service for Comprehensive Financial Income Tax and Gift Tax.'
Hanwha Investment & Securities announced on the 13th that it will provide a free filing agency service for comprehensive financial income tax and gift tax until the 19th of next month.
Customers whose financial income exceeded 20 million KRW last year will have their comprehensive financial income tax filings handled for free in collaboration with an external tax firm. This year marks the first year of full taxation on housing rental income of 20 million KRW or less. A Hanwha Investment & Securities official explained, "Customers whose financial income exceeded 20 million KRW last year and who earned housing rental income can use Hanwha Investment & Securities' free comprehensive financial income tax filing agency service to prevent filing errors and disadvantages related to housing rental income in advance."
In addition, a gift tax filing agency service will also be provided. This service allows customers to apply year-round for free gift tax filing agency when parents gift Hanwha Investment & Securities financial products to their children, grandparents to grandchildren, or one spouse to the other.
The free filing agency service for comprehensive financial income tax and gift tax targets customers who have deposited assets of 100 million KRW or more with Hanwha Investment & Securities, or customers who have subscribed to funds, equity-linked securities (ELS), etc., sold by Hanwha Investment & Securities with 50 million KRW or more (20 million KRW or more for minors).
Hanwha Investment & Securities will also provide capital gains tax filing agency services for overseas stocks and derivatives. This service is for Hanwha Investment & Securities' premium customers who have realized gains or losses through overseas stock and derivatives trading and need to file in May.
Kim Dong-woo, Executive Director of the Customer Solutions Office at Hanwha Investment & Securities, said, "With the recent increase in interest and direct investment in overseas stocks, inquiries related to capital gains tax on overseas stocks are expected to surge. Hanwha Investment & Securities will provide differentiated asset management services by expanding tax consulting services including free filing agency for comprehensive financial income tax and gift tax in partnership with external specialized tax firms, as well as capital gains tax for overseas stocks and derivatives."
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To apply for the service, customers should prepare related documents such as financial income statements issued by financial institutions and visit the nearest Hanwha Investment & Securities branch.
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