Tax-saving Tips Revealed... National Tax Service Publishes 'Stocks and Taxes' Booklet

14 Million Stock Investors Last Year
Includes Basic Stock Knowledge and Tax-Related Information
Contains Step-by-Step Tax Issues and Common Mistake Cases

On the 10th, the National Tax Service announced that it has produced and published a booklet titled "Stocks and Taxes" to help taxpayers understand various taxes related to stocks and to assist in fulfilling tax obligations such as the May stock and derivatives final tax return.

Since the COVID-19 pandemic, the number of stock investors has surged from 6 million at the end of 2019 to about 14 million by the end of 2023, increasing interest in taxes related to stocks. A National Tax Service official explained, "There were many inconveniences due to the lack of guides that could answer taxpayers' questions about the various taxes incurred during the holding and trading of stocks. In particular, taxes differ depending on whether they are domestic or foreign, listed or major shareholders, and there are complex valuation issues, making it difficult to understand easily," explaining the purpose of the publication.

The booklet "Stocks and Taxes" explains tax-related content such as basic knowledge about stocks, tax-saving tips, securities transaction tax, capital gains tax, gift tax (inheritance tax), dividend income tax, comprehensive income tax, and exit tax in an easy-to-understand manner for taxpayers. It extensively covers topics from basic knowledge of stock trading to tax issues and tax-saving tips at each stage from acquisition, holding, to disposal of stocks, as well as common mistakes. To aid taxpayers' understanding, it is organized into 76 Q&A formats and actively uses infographics to enhance readability.

The "Stocks and Taxes" booklet will be posted on the National Tax Service website so that anyone can easily use it.

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