South Korea may impose 20% income tax on cryptocurrencies

South Korea may impose 20% income tax on cryptocurrencies

South Korea’s Ministry of Economy and Finance is reportedly planning to impose a 20% tax on income gained from cryptocurrency transactions. The government might categorize profits from cryptocurrency trading as ’other income,’ and not as ’capital gains’ making it taxable.

Chris
Chris
General Zap
General Zap 1 months

Retarded: will cause instant black markets multiplication!

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