Non-Resident Donee Korean Gift Tax Calculator

For overseas Koreans and other non-residents receiving a gift of Korean assets — the gift-tax deduction (spouse, children, other relatives) does not apply when the donee is a non-resident.

Also available in 한국어

Gift value (KRW)Prior gifts within 10 years (KRW)Gifts already received from the same donor within 10 years (aggregated for taxation)

The amounts you entered are included in the link. Anyone with the link sees the same result.

Gift tax due (after credit)

48,500,000원

4천 8백 5십만원

Assessed tax (before credit): 50,000,000원
Effective tax rate: 16.17%

How it was calculated

01No gift-tax deduction available
The gift deductions (spouse 600M, lineal descendant 50M/20M, other relatives 10M KRW) apply only when the donee is a Korean tax resident — a non-resident donee gets no deduction, so the entire Korea-situs gift is the taxable base
Basis: 상속세 및 증여세법 제53조
02Gift tax (rate 20%)
300,000,000 × 20% − progressive deduction 10,000,000
Basis: 상속세 및 증여세법 제56조 (제26조 준용, 10~50% 초과누진)
50,000,000원
03Early-filing tax credit
50,000,000 (after prior-gift credit) × 3% (if filed within the statutory deadline)
Basis: 상속세 및 증여세법 제69조 — 법정신고기한 내 신고 시 3%
1,500,000원

Reference simulation only, not tax advice. Verify with official sources before filing or paying.