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Under the Local Tax LAW, stamp tax is levied on loan amount as follows : |
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| Loan amount (won) |
Stamp Tax (won) |
| Up to 20 million |
0 |
| More than 20 million - up to 30 million |
20,000 |
| More than 30 million - up to 50 million |
40,000 |
| More than 50 million - up to 100 million |
70,000 |
| More than 100 million - up to 1 billion |
150,000 |
| More than 1 billion |
350,000 |
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Taxes and Expenses incurred in collateralizing a security |
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| Description |
Formula |
Relevant Law |
| Registration Tax |
Maximum Value of Property x 2/1000 |
Local Tax |
| Education tax |
Registration tax x 20/100 |
Education Tax |
| Government bonds purchased |
Maximum Value of Property x 10/1000 |
Housing Construction Promotion |
| Handling Commission of Judicial Scrivener |
Set Commission |
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| Others |
Stamp fee of 5,000 won per transaction |
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| Appraisal Amount |
Fee |
| Up to 50 million |
100,000 |
| More than 50 million - up to 500 million |
10/10000 |
| More than 500 million - up to 1 billion |
9/10000 |
| More than 1 billion - up to 5 billion |
8/10000 |
| More than 5 billion - up to 10 billion |
7/10000 |
| More than 10 billion - up to 50 billion |
6/10000 |
| More than 50 billion - up to 100 billion |
5/10000 |
| More than 100 billion |
4/10000 |
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Other out-of-pocket expenses will be charged separately. |
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