KB Securities Offers Free Overseas Stock Capital Gains Tax Filing Service

KB Securities announced on the 16th that it is accepting applications for its free overseas stock capital gains tax filing service until April 30. The service is available to individual customers who trade overseas stocks.

KB Securities explained that, whereas the capital gains amount was previously calculated using the First-In, First-Out (FIFO) method, the moving average method has now been introduced as an additional option starting this year.

The FIFO method calculates taxes by assuming that the stocks purchased first are sold first, while the moving average method determines the average purchase price each time a stock is bought and calculates capital gains based on this average price.

Customers can compare the amounts calculated by both methods and select their preferred tax calculation method. Changing the capital gains tax calculation method is possible until April 30.

The service can be applied for through KB Securities’ Mobile Trading Service (MTS), 'KB M-able', as well as the Home Trading Service (HTS), 'H-able', among others.

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