IBK Industrial Bank, Free Tax Filing Service for Comprehensive Financial Income Tax Implemented

Implemented until the 24th of next month

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 29th that it will provide a "Free Financial Income Comprehensive Tax Filing Service" until May 21.

Financial income comprehensive taxation refers to a system where, if an individual's financial income (interest, dividend income) exceeds 20 million KRW annually, the financial income is combined with other income (earned income, real estate rental income, business income, pension income, other income) and taxed at the comprehensive income tax rate (6~45%).

The eligible customers are individual clients whose financial income generated through transactions with IBK Industrial Bank last year was 20 million KRW or more, or whose average total deposit balance as of the end of March this year is 500 million KRW or more. Among the customers using the service, those with housing rental income from three or fewer units can apply for the service including housing rental income reporting. Customers who wish to use the service can apply through their transaction branch.

An IBK Industrial Bank official stated, "We plan to continue providing various services through the IBK-type asset management model to enhance customer satisfaction."

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