Major Shareholders Transferring Stocks in the Second Half of Last Year Must Report and Pay Capital Gains Tax by the 28th

[Asia Economy Sejong=Reporter Kim Hyewon] Major shareholders of listed corporations who transferred stocks in the second half of last year (July to December) must file and pay capital gains tax by the 28th of this month.

The National Tax Service announced that starting from the 6th, it will send advance notices for capital gains tax filing to a total of 4,853 individuals, including major shareholders of listed corporations and shareholders of unlisted corporations traded on the Korea Over-the-Counter Market (K-OTC) (excluding small shareholders of small and medium-sized enterprises and mid-sized companies).

For those under 60 years old, mobile notices will be sent via KakaoTalk or text message, allowing recipients to verify their identity through a simple authentication process to check the details.

For those aged 60 and above or those unable to receive mobile notices, the notices will be sent by mail.

Filings can be made by accessing Hometax or the mobile app Sontax, completing identity verification without signing up as a member. The National Tax Service stated, "If there is a significant loss in business, an extension of the payment deadline can be requested through Hometax or the mobile Sontax app."

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