South Korea To Expand Capital Gains Tax On All Equity-linked Derivatives

Sumaira FH Published January 07, 2019 | 08:07 PM

South Korea said Monday that it will impose a 10 percent tax on profits from trading of all stock index-related derivatives in the latest move to revise the country's tax code.

SEJONG, (UrduPoint / Pakistan Point News - 7th Jan, 2019 ) :South Korea said Monday that it will impose a 10 percent tax on profits from trading of all stock index-related derivatives in the latest move to revise the country's tax code.

The revision which is set to take effect in April, covers Kosdaq 150 futures, Kosdaq 150 options and KRX 300 futures, Sector Index Futures and Dividend Index Futures, as well as V-KOSPI 200 Futures and Kosdaq 150 equity-linked warrants, according to the Ministry of Economy and Finance.

It said the move was meant to enhance fair taxation among derivatives and to strengthen taxation on income from financial assets.

South Korea has so far slapped capital gains taxes on KOSPI200 futures, KOSPI200 options and Kospi 200 equity-linked warrants.