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South Korea's FSC Warns RIA Account Investors: Settlement Date, Not Trade Date, Determines Tax Benefits

GateNews
Stocks
According to South Korea's Financial Supervisory Service on July 26, the agency issued investor guidance on key conditions for tax deductions in RIA (Returning Investor Account) for overseas stock transactions. The FSC clarified that the tax deduction rate for overseas stock gains is determined by the settlement completion date rather than the order execution date. For example, if a trade settles before July 31, investors receive an 80% deduction; settlements after July 31 through December 31 qualify for a 50% deduction. Additionally, investors must hold domestic stocks or funds in the RIA account for at least one year to receive tax benefits on overseas stock gains.
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