Samsung Family Heirs to Pay 2 Trillion Won Inheritance Tax at Yongsan Tax Office on the 30th

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kim Hyunjung] The family of the late Lee Kun-hee, Chairman of Samsung Electronics, filed the inheritance tax at Yongsan Tax Office on the 30th, the last day of the reporting deadline.

At around 3 p.m. that day, the family's tax agent, Kim & Chang, filed the inheritance tax on behalf of the family at Yongsan Tax Office and paid one-sixth of the reported tax amount. This was in accordance with the Inheritance and Gift Tax Act (Article 71), which allows the payment to be made in six installments, and the family decided to pay the inheritance tax using this installment payment method.

The total reported tax amount is approximately 12 trillion won, with the heirs paying about 2 trillion won, which is one-sixth of the inheritance tax, on that day, and the remaining 10 trillion won will be paid in five installments over five years until 2026. The details of the reported shares by each heir in affiliated companies were not disclosed due to taxpayer information confidentiality regulations.

If the division ratio of Chairman Lee's shares has not been finalized, the heirs can report based on the statutory inheritance ratio or a provisional plan and later file an amended report after finalizing the division ratio. The division ratio of shares in affiliated companies is expected to be disclosed through each affiliate's public announcements.

Meanwhile, the verification of the inheritance tax report will be handled by the Investigation Division 4 of the Seoul Regional Tax Office.

This content was produced with the assistance of AI translation services.