Business Income Tax for businesses in operation for less than a year Luxury Tax on High-priced Used Cars
Aug 08

When individuals sell shares of companies that do not issue stock, it is not the securities described under the provision of Article 1 Subparagraph 2 of Securities Transaction Tax Act and Article 4-1 of Income Tax Act. Therefore, it is not subject to securities transaction tax and income tax on gains derived from securities transactions. However, the income derived from the transaction is still subject to tax under the provision of Article 14 Category 7 Item 1 “Income from property transactions.”

written by Good Earth


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