North Korea
In Depth
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Global Statistics
Regional Statistics
Capital Gains Taxes (%) - North Korea Compared to Continent
| Cambodia |
15.00%
|
| China |
4.66%
|
| Hong Kong |
0.00%
|
| India |
16.95%
|
| Indonesia |
0.00%
|
| Japan |
3.98%
|
| Malaysia |
5.18%
|
| Pakistan |
25.08%
|
| Philippines |
0.00%
|
| Singapore |
0.00%
|
| South Korea |
9.12%
|
| Sri Lanka |
0.00%
|
| Taiwan |
21.11%
|
| Thailand |
30.00%
|
| Vietnam |
23.49%
|
North Korea: Capital gains taxes (%).
In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:
- The property is directly and jointly owned by husband and wife;
- They have owned it for 10 years;
- It is their only source of capital gains in the country
- It has appreciated in value by 100% over the 10 years to sale
- The property was worth US$250,000 or 250,000 at purchase.
- It is not their sole or principal residence.
These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ
Source: Global Property Guide Research, Contributing Accounting Firms
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