STAMP TAX
1. Taxpayer
2. Tax Base
3. Payment
4. Exemption
5. Penalty Tax
1. Taxpayer
	Stamp tax is levied on a person who prepares a document certifying establishment,
	transfer, or change of rights to property.
2. Tax Base
	The tax base of stamp tax is as follows:
	a. Bracketed fixed amount tax - Amount stated on the deed;
	b. Fixed amount tax - Per copy of deeds and per volume of books.
3. Payment
	In preparing documents, the stamp tax is payable by passing stamp on the documents.
	The head of tax office receives stamp tax on cash.
4. Exemption
	a. Documents prepared by the government or local autonomous bodies
	b. Documents prepared with respect to the treatment of treasury funds
	c. Documents submitted to government agencies with respect to a donation for public works
	d. Documents prepared by charity or relief organizations with respect to their businesses
	e. Deed of contract concerning lease or deposit of residential house
	f. Certificates of acceptance or guarantee of bills
	g.Copies or transcripts of negotiable securities
	h. Deed of contract concerning the ownership of residential house valued at below 100 million won
	i. Deed of contract concerning loans for consumption at below 20 million won
	j. Bonds issued by the Bank of Korea or other international financial bodies
5. Penalty Tax
	If a taxpayer did not pay the stamp tax due or if the paid amount is less than the due
	amount, a 300% of the outstanding tax amount is charged as penalty tax.