“Financial Supervisory Service Director Lee Bok-hyun has expressed the view that a ‘comprehensive review’ is needed after the abolition of the financial investment income tax,”
Director Lee met with reporters after a meeting with financial investment tax experts on the 31st and emphasized the need for abolishing the financial investment income tax.
In response to concerns that individual investors may suffer in year-end settlements, Director Lee said, “There is an argument that financial investment income over 1 million won is excluded from deductions.” He also added, “The number of those excluded from basic deductions could increase by tens of thousands, and it is necessary to announce specific figures after internal analysis.”
Reporter Park Ji-woon ([email protected])
#AbolitionOfInvestmentTax #FSS #Deductions
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