Hi Investment & Securities Launches Comprehensive Income Tax Filing Agency Service

Hi Investment & Securities announced on the 8th that it will implement the '2023 Comprehensive Income Tax Filing Agency Service' as part of its comprehensive asset management services.

This filing agency service targets Hi Investment & Securities' premium customers whose financial income for 2023 exceeds 20 million KRW.

Customers can verify their eligibility and apply for the service through Hi Investment & Securities branches, and those wishing to use the service must apply by April 30. Income generated from other financial companies besides Hi Investment & Securities can also be reported together.

Investors whose financial income for a specific year exceeds 20 million KRW must file and pay income tax by combining it with other income such as business income. Financial income includes interest income from bonds and domestic and foreign deposits, as well as dividend income from funds and equity-linked securities (ELS).

In addition, the 'Overseas Stock and Derivatives Capital Gains Tax Filing Agency Service' will also be provided. This service targets customers who have incurred capital gains tax from overseas stocks and derivatives through Hi Investment & Securities. Eligibility verification and service application can be done through Hi Investment & Securities branches, and income generated from other financial companies can also be reported together.

For overseas stocks and derivatives, all investors who have incurred capital gains must file and pay capital gains tax after a basic deduction of 2.5 million KRW. If the capital gains are less than 2.5 million KRW, there is no tax to pay, but there is still a filing obligation. In the case of overseas stock capital gains, if there are taxable domestic stock capital gains, loss offsetting can be applied.

A representative from Hi Investment & Securities stated, "We are providing tax filing agency services such as comprehensive financial income taxation for premium customers to offer comprehensive customer asset management services," and added, "We will continue to provide various tax-related services to deliver high-quality comprehensive asset management services."