Friday, 24 March, 2023

Samsung heir, family to pay $10.8 bn in inheritance related tax

<p>Samsung heir Lee Jae-yong and family will pay around $10.8 bn in taxes related to inheritance. The family of late Samsung chairman Lee Kun-hee plans to pay the amount in full in six installments over the period of five years, as the deadline to file the tax return will end this Friday. South Korea charges around 60% for inherited shares for large shareholders. Lee Kun-hee &#39;s estate includes shareholdings in Samsung Electronics, Samsung Life, Samsung C&amp;T, and real estate.</p>