On the 9th, KB Securities announced that it will provide a free capital gains tax filing agency service for individual customers trading overseas stocks.
The free capital gains tax filing agency service for overseas stocks at KB Securities is available to any individual customer trading overseas stocks through KB Securities, and the application deadline is April 28.
Customers investing in overseas stocks who have total capital gains from overseas stock trading exceeding the annual basic deduction amount of 2.5 million KRW become subject to a 22% capital gains tax and must file and pay the capital gains tax once a year in May.
To enhance customer convenience, KB Securities will notify customers of all progress from the application for the capital gains tax filing agency service conducted by an affiliated tax corporation to the receipt of the payment notice via mobile notification talk, email, or mail.
The free capital gains tax filing agency service for overseas stocks can be applied for through KB Securities branches, the mobile trading system (MTS) KB M-able (M-able), M-able mini (M-able Mini), and the home trading system (HTS) H-able (H-able). If customers also trade overseas stocks at other securities firms, they can visit a branch to file together.
Kim Young-il, Head of M-able Land Tribe at KB Securities, said, "We recommend using KB Securities’ free capital gains tax filing agency service for overseas stocks, as both first-time and experienced customers may find it difficult to file and pay capital gains tax," adding, "KB Securities will continue to do its best to resolve difficulties arising from customers’ overseas stock trading."
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