Toss Securities noted on the 10th that it will provide a service to assist with the reporting of capital gains tax on overseas stocks until the end of this month.
This service is available for customers aged 14 or older whose revenue from overseas stocks exceeded 2.5 million won last year, and they can apply for it for free through the mobile trading system (MTS). Toss Securities explained that the service is designed to help customers who are paying capital gains tax on overseas stocks for the first time easily understand the entire tax reporting process and use it with peace of mind.
This year, customers who are subject to the first capital gains tax reporting through Toss Securities will receive tutorial content explaining the capital gains tax on overseas stocks and the procedures involved. Once the service is applied for, users can continuously check the status of document submission and review, amount confirmation, and payment, which will take place over approximately two months via the MTS.
In addition, a capital gains tax calculator will be provided to check the estimated taxes to be paid next year based on the time of inquiry, as well as for this year. Once the reported amount is confirmed, immediate payment through the Toss Securities account is also possible.
A Toss Securities representative said, "Approximately 110,000 customers are subject to capital gains tax reporting with Toss Securities this year, which is a significant increase compared to last year."