@Articles 89, 90, 92, 93, 95, 97 (3), 98, 100, 101, 105 through 107, 110 through 112, 114, 114-2, 116, and 117 shall apply mutatis mutandis to imposing capital gains tax for the transfer of overseas assets: Provided, That the amount of special deduction for long-term holding under Article 95 shall not be deducted. <Amended by Act No. 10408, Dec. 27, 2010; Act No. 10900, Jul. 25, 2011; Act No. 12852, Dec. 23, 2014; Act No. 15225, Dec. 19, 2017; Dec. 31, 2019; Dec. 29, 2020>[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009][Title Amended on Dec. 31, 2019][Enforcement Date: Jan. 1, 2025] Article 118-8
Laws › Income Tax Act › SECTION 10 Capital Gains Tax on Transfer of Overseas Assets
Income Tax Act — Article 118-8 (Provisions Applicable Mutatis Mutandis for Transfer of Overseas Assets)
소득세법 제118조의8
This English translation is based on the Korean text effective 2024-05-17. The Korean law has since been amended (current version effective 2026-07-01) — check the Korean original.
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