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    • South Korea To Restore Steep CGT Rates For Multiple Property Owners
    • Taiwan Introducing New VAT Reporting Rules For Online Content
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    Global Daily Tax News, South Korea To Restore Steep CGT Rates For Multiple Property Owners, (Mar 9, 2026)

    South Korea is set to significantly ramp up capital gains tax on owners of multiple residences from May 9, 2026.

    Authorities in the nation have agreed the return of federal capital gains tax rates as high as 75 percent on property sold in areas subje ...

    South Korea is set to significantly ramp up capital gains tax on owners of multiple residences from May 9, 2026.

    Authorities in the nation have agreed the return of federal capital gains tax rates as high as 75 percent on property sold in areas subject to intense speculation in and around the capital Seoul. The highest rates of tax will apply to those with multiple properties, with increased rates also for second-home owners.

    To prevent sudden mass evictions, the Government has committed to allow landlords more time to complete transfers, to allow tenants longer to vacate, providing a sale is agreed before the implementation deadline.

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