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South Korea plans to shift from estate to inheritance tax by 2028, aiming for a fairer system.
South Korea plans to change its estate tax to an inheritance tax by 2028, aiming to ease tax burdens on beneficiaries and align with global practices.
Currently, taxes are levied on the entire estate value, but the new system will tax each inheritor based on the assets they receive.
This change, seen as more fair, will be proposed to parliament this year, with implementation set for 2028.
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Corea del Sur planea pasar del impuesto sobre bienes inmuebles al impuesto sobre sucesiones para 2028, con el objetivo de un sistema más justo.