US EditionMajor Shareholder Transfer Tax Base Increased From Krw 5 Billion to Krw 1 billion... Transaction Tax Rate Increased From 0.15% to 0.20%
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[Digital Daily Reporter Park Ki-rok] The 2025 tax reform plan, which aims to reduce the tax burden on the working class, middle class, and small business owners while balancing tax revenue by eliminating the "tax cuts for the wealthy" of the previous Yoon Seok-yeol administration, has been finalized and announced. Notably, the capital gains tax threshold, which garnered significant attention in the capital market, has been reduced from the previ…
Corporations, Banks, and Retail Investors to Bear 8.1 Trillion Won Annual Tax Increase
Lee Hyung-il (center), first vice minister of economy and finance, delivers opening remarks at a briefing on the 2025 tax law amendment on July 30. (Photo courtesy of the Ministry of Economy and Finance) The government has decided to raise corporate tax rates again by 1 percentage point for each bracket starting next year for domestic companies. The education tax rate imposed on financial institutions such as banks will also be doubled, and the …
Yoon's policy is a 'return', but the ruling party also disagrees with the 'KOSPI 5,000' trend. The government says, "The impact on the stock market when changing the past standard is limited"... The National Assembly discussion is expected to be a difficult road. The government is lowering the standard for 'major shareholders' subject to stock transfer income tax from 5 billion won to 1 billion won.
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