The details of overseas stock capital gains tax were discussed a lot last year, but since I was on a trip in early May of this year, I only filed a capital gains tax return now. The system was the same as last year, but my reporting method is slightly different from last year, so I will try to write a little more briefly about reporting and payment methods than last year’s article.
If you use only one brokerage company, you can use the brokerage company’s free agency service. Even if you use multiple securities companies, if the conditions are met, there are places where one brokerage company collects and reports on behalf of you.
1. Prepare supporting documents
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In order to file a capital gains tax return, you need to submit supporting documents, and each securities company has a menu that calculates capital gains tax. 해외주식 양도소득세 신고 방법 It is different for each securities company, but it is in the menu of overseas stocks or in the menu that seems to issue certificates such as banking/business.
For reference, the website of the brokerage company (I don’t know if it was only in my case) does not open smoothly in Chrome. At this time, if you open it with Internet Explorer, it will open neatly. In my case, there was an infinite installation error for KB Securities in Chrome, a password input error for Kiwoom Securities, and an installation error for Samsung Securities.
Also, you need to print it for clear proof documents. In some cases, each securities company blocks the capture of the certificate (KB Securities), and downloads it as a PDF, but the company name/stamp is hidden (Samsung Securities), or downloads only as a strange file (Kiwoom Securities). Of course, even if you take a picture of the monitor screen with a cell phone camera, the National Tax Service understands everything, but in principle, a securities company must issue/print a certificate, scan (shoot) it again, and attach a file. It seems that these tasks have not yet reached 2022.
I printed it like this, took a picture and attached the file. 부자되는 습관 The calculation details of the amount of capital gains must be entered in Hometax. For this operation, in principle, the acquisition date and transfer date of the transaction must be known in advance. We will talk about this again later.
2. Report on capital gains tax
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After logging in to Hometax, click the Capital Capital Gains Income button on the first screen > Electronic Transfer Tax Return > Final Return > Periodic Report button in order.
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This is the first screen of the report, and you can change the transfer asset type to foreign – foreign stocks. After filling in the information of the reporter below, move on to the next step. Now, the screen to enter the transaction details appears. Last year, there were very few transactions, so you can enter them on this page quickly, but this time, there are quite a lot of transaction details, so I decided to use the Excel upload function. Scroll down and click the ‘Download Upload Form’ button in the Excel Upload section to download the Excel form file.
The Excel file looks like this, but the notes are very annoying, so let’s read it and hide the notes. Since it is already set for overseas stocks, you can copy and use the default values for domestic/foreign classification, tax rate classification, stock type, transfer item type, and acquisition type. If you drag all visible cells down, all the forms are copied. You can’t see it on this screen, but if you scroll to the right, there is also a country selection (default US). If you only have US stocks, you can copy and use them as is, and if you have stocks in other countries, you must change this value.
Excel can be filled in this way. I typed it myself because there are not many transaction details, but if the transaction history is too large, it is possible to download it in Excel using the HTS of the relevant securities company. Since I do not use HTS, I did not want to install HTS just by downloading some transaction details.
When you click the Excel Upload button, this screen appears. Click the Browse button and upload the Excel.
If there are no errors, ‘verification result completed’ appears below. In this state, do not click the close button, but click the save button to complete the upload. If the form is incorrect, an error is found and upload is not possible.
When the Excel upload is completed, the details are entered normally. If the asset classification is ‘unlisted stock’, it means that it is not listed on the domestic exchange, so you do not need to worry about it.
If you go to the next step, you can check the information you entered. Since the field of basic deduction for capital gains is empty, you need to enter 2,500,000 won here
If you look at the bottom, there is a ‘Register’ button, so you have to click on this button to apply the basic deduction and then click the ‘Save and go to next’ button. After that, check again and submit the report to complete.
After checking the confirmation screen on the screen where the receipt was issued, it remains to submit supporting documents, report local tax, and pay capital gains tax. If you click on Report Details or Submit Evidence, you can proceed to the next step.
3. Submission of supporting documents
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The subsequent procedure is very simple. If you click the Submit Evidence button, you will be taken to this screen. If you press the resident registration number and search, the details of the report you just reported are displayed. Click the Attach Attachment button to select a file and click Submit Attachment to complete.
4. Local tax return
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To file a local tax report, enter your resident registration number in the report details search button and press search, the local tax report button will appear in red. Except for entering personal information such as cell phone number, everything is automatically entered, so you can proceed easily.
5. Payment of capital gains tax
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For national tax payment, there is a link to pay tax in red text on the report details inquiry screen. If you click this, you will be taken to the payment screen. When you click Inquiry, the amount of tax to be paid is written down. Enter the same amount in the amount of tax to be paid next to this and click the Pay button.
You can choose a credit card as a payment method, but there is a 0.8% fee. It is optional to pay a fee and defer payment until the card payment date, but in general, it is better to use bank transfer without a fee.
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For local tax payment, there is an immediate payment button right below the local tax return. I don’t know why the web page format is different for the national tax and local tax internet paper, but you can pay in the same way anyway.
After paying the local tax, all procedures are complete. If you would like to know more details or see how I paid last year, please refer to the link below.
[Source] How to report and pay capital gains tax on overseas stocks (2022) | By Seria