Limited Distribution for VIP Customers with Assets Over 1 Billion Won

Contains Methods to Prepare for Financial Investment Income Tax... KB Securities Publishes Tax Theme Book View original image


[Asia Economy Reporter Minwoo Lee] KB Securities has published a tax-saving guide related to the financial investment income tax scheduled to be introduced in 2023.


KB Securities announced on the 30th that as part of the 'Able Premier Members' service for VIP clients, it will mail the publication titled 'The Paradigm of Financial Taxation Changes! Financial Investment Income Tax' to its ultra-high-net-worth clients with an average annual asset of over 1 billion KRW.


This tax-themed book carefully includes not only the basic information about the financial investment income tax to be introduced in 2023 but also detailed tax-saving strategies. It is designed to be easy to understand with tables and illustrations tailored to the investor's perspective.


Currently, small shareholders are not taxed on capital gains from selling stocks. However, starting in 2023, if stock transfer gains exceed 50 million KRW annually, financial income tax must be paid. A tax rate of 22% (including local tax) applies to capital gains up to 300 million KRW, and 27.5% applies to amounts exceeding 300 million KRW.



Lee Minhwang, Head of IPS Division at KB Securities, said, "We are taking the first step into the uncharted territory of financial investment income tax together with our clients by being the first to present the tax-themed book into their hands."


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

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