Article 91-17 (Tax Special Cases for Funds Exclusively for Overseas Stock Investment)

Where a resident invests in a collective investment scheme referred to in Article 17(1)5 of the 「Income Tax Act」 that invests 60 percent or more of its total assets in stocks issued and traded outside the Republic of Korea (hereinafter referred to as "listed overseas stocks" in this Article) (hereinafter referred to as a "fund exclusively for overseas stock investment" in this Article), and where the resident invests in the beneficial certificates of such fund (hereinafter referred to as "beneficial certificates" in this Article) under Article 9(21) of the 「Capital Markets and Financial Investment Business Act」, fulfilling all of the following requirements by December 31, 2017, then, notwithstanding Article 17(1)5 of the 「Income Tax Act」, the capital gains or losses (including those arising from exchange rate fluctuations) realized from the trading or valuation of listed overseas stocks acquired by the fund exclusively for overseas stock investment, directly or by investing in beneficial certificates (including foreign beneficial certificates under Article 279(1) of the 「Capital Markets and Financial Investment Business Act」), shall not be included in the amount of dividend income received from the fund exclusively for overseas stock investment, from the date of joining the savings scheme for beneficial certificates exclusively for overseas stock investment until the 10th anniversary of that date. <Amended by 2021.12.28, 2024.12.31> 1. Invest in a savings scheme for beneficial certificates exclusively for overseas stock investment, as prescribed by Presidential Decree (hereinafter referred to as a "savings scheme for beneficial certificates exclusively for overseas stock investment" in this Article), and invest in the beneficial certificates of a fund exclusively for overseas stock investment through such savings scheme. 2. The principal amount paid into the savings scheme for beneficial certificates exclusively for overseas stock investment per resident shall not exceed 30 million won (referring to the aggregate amount paid into savings schemes for beneficial certificates exclusively for overseas stock investment subscribed to at all financial institutions, etc., as referred to in each subparagraph of Article 2(1) of the 「Act on the Guarantee of Financial Accounts and Protection of Confidentiality」).