스왑거래의 과세방안에 관한 연구 = Taxation of Swap Contracts

다국어 초록 (Multilingual Abstract)

This paper aims to suggest taxation of swap contracts qualifying financial derivatives. Tax payers must recognize as income the ratable daily portion of periodic payment for the taxable year to which that portion applies. However, the gain of loss from measuring derivatives at year-end is taxable for exchange-traded swap contracts. Otherwise, it is taxable only when one of the parties to the contracts is a financial institution that uses reliable valuation models for derivative instruments. To the extent that hedge accounting is accepted, fair value measurement of hedged items should also be allowed. And the gain or loss on a derivative contract must be recognized as taxable income in the same period during which the change in value of the item being hedged effects taxable income. To minimize the likelihood that the gain on appreciated financial position together with swap contracts is realized without paying or deferring taxes, this paper suggest treating the appreciated financial position as constructive sales-as if the swap instruments of concern are sold at fair value.

목차 (Table of Contents)

• I.과세합리화 방안의 필요성
• II.스왑거래에 대한 과세방안의 도입
• 1.권리의무확정주의와 과세소득의 인식시기
• 2.과세소득의 성격 규명
• 3.기업회계기준상의 회계처리에 대한 검토
• 4.스왑거래에 대한 미국 및 일본의 과세방안
• III.스왑거래 유형별 과세방안
• 1.당해 사업연도내에 스왑결제금액이 확정되지 아니한 경우
• 2.총수익스왑
• 3.스왑계약 해약청산금
• 4.스왑계약의 비정기적 지금에 대한 과세처리
• 5.이자율상한계약(또는 이자율하한계약)
• 6.불확정지급 금융상품
• IV.스왑거래의 과세합리화를 위한 간주매출 과세규정
• 1.파생상품거래에 대한 간주매출 규정의 도입
• 2.스왑계약에 대한 간주매출규정의 적용
• V.결론