SELIM

Tax Rates

Advisory & ConsultingTax RatesCapital Gain Tax Rates

Capital Gains Tax Rates (Standard Rates) (Holding Period of 2 Years or More)

■ Applicable Rates for 2023

For the period from 2023 onwards
Tax base	Tax rate(%)	Progressive deduction amount
14 million won or less	6%	-
More than 14 million won	15%	1,260,000
50 million won or less	15%	1,260,000
More than 50 million won	24%	5,760,000
88 million won or less	24%	5,760,000
More than 88 million won	35%	15,440,000
150 million won or less	35%	15,440,000
More than 150 million won	38%	19,940,000
300 million won or less	38%	19,940,000
More than 300 million won	40%	25,940,000
500 million won or less	40%	25,940,000
More than 500 million won	42%	35,940,000
1 billion won or less	42%	35,940,000
More than 1 billion won	45%	65,940,000

Capital Gain Tax Rates by year

■ For the period from 2004 to 2008

Tax base	Tax rate(%)	Progressive deduction amount
10 million won or less	9%	-
More than 10 million won	18%	900,000
40 million won or less	18%	900,000
More than 40 million won	27%	4,500,000
88 million won or less	27%	4,500,000
More than 88million won	36%	11,700,000

(*) Since 2009, it is the same as the comprehensive income tax rate.

■ Pre-sale right

Acquisitions made after June 1, 2021
Period of holding	Holding period of less than 1 year
less than 1 year	60%
1 year or longer	70%

■ Non-commercial land

2023 onwards~
Tax base	Tax rate(%)	Progressive deduction amount
14 million won or less	16%	-
More than 14 million won	25%	1,260,000
50 million won or less	25%	1,260,000
More than 50 million won	34%	5,760,000
88 million won or less	34%	5,760,000
More than 88 million won	45%	15,440,000
150 million won or less	45%	15,440,000
More than 150 million won	48%	19,940,000
300 million won or less	48%	19,940,000
More than 300 million won	50%	25,940,000
500 million won or less	50%	25,940,000
More than 500 million won	52%	35,940,000
1 billion won or less	52%	35,940,000
More than 1 billion won	55%	65,940,000

■ Additional Tax Rates for Multiple Property Owners] (After June 1, 2021)

Category			Period of holding	Tax rates	Note
House	2 houses	areas subject to regulation	less than 1 year	70%
			less than 2 year	60%	whichever is greater
			less than 2 year	basic tax rate + 20%p	whichever is greater
			2 years or longer	basic tax rate＋20%p
		areas subject to non-regulation	less than 1 year	70%
			less than 2 year	60%
			2 years or longer	basic tax rate
	3 houses or more	areas subject to regulation	less than 1 year	70%	whichever is greater
			less than 1 year	basic tax rate + 30%p	whichever is greater
			less than 2 year	60%	whichever is greater
			less than 2 year	basic tax rate + 30%p	whichever is greater
			2 years or longer	basic tax rate + 30%p
		areas subject to non-regulation	less than 1 year	70%
			less than 2 year	60%
			2 years or longer	basic tax rate

(*) areas subject to regulation : Seoul, Seocho-gu, Gangnam-gu, Songpa-gu, Yongsan-gu (4 districts)

■ Domestic stocks, etc.

Category		Period of holding	Tax rate
Major stockholder	SMEs	No requirement for the holding period	300 million won or less : 20%
	SMEs	No requirement for the holding period	more than 300 million won : 25%
	Other than SMEs	less than 1 year	30%
		1 year or longer	300 million won or less : 20%
		1 year or longer	more than 300 million won : 25%
Other than major stockholder	SMEs	No requirement for the holding period	10%
Other than major stockholder	Other than SMEs	No requirement for the holding period	20%

■ Overseas stocks, etc.

Category	Period of holding	Tax rate
stocks of SMEs	No requirement for the holding period	10%
stocks of companies other than SMEs	No requirement for the holding period	20%