South Korean officials: Government considers 20% tax on cryptocurrency transactions
South Korean officials said on Monday that the country's Ministry of Finance has been considering a 20% tax on cryptocurrency trading income. Officials said the South Korean Ministry of Economy and Finance has recently ordered its income tax office to review a tax plan for cryptocurrencies. Earlier, the Ministry's Finance and Tax Office had reviewed […]
South Korea's Ministry of Finance: Current tax law does not impose income tax on cryptocurrency transactions
According to the latest announcement by South Korea's Ministry of Finance, the country's current tax laws do not tax profits earned through cryptocurrency transactions. The Ministry of Finance and Strategy of South Korea recently answered the confusion regarding the taxation of gains from cryptocurrency transactions. According to the announcement of the Ministry of Finance, the […]
South Korea: Taxes on cryptocurrency transactions expected to start in 2020
The South Korean government is preparing to take legal measures to tax capital gains from the sale of crypto assets. Special legislation for digital asset transactions is expected to be introduced in the 2020 tax season. South Korea plans to charge cryptocurrency capital gains tax South Korea has been one of the most active cryptocurrency […]
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