Crypto-Follow logo Crypto-Follow logo
Coinnounce 2020-01-20 05:58:26

South Korea is planning to impose a 20% tax on crypto incomes.

According to the Korea Herald report, the South Korean ministry of economy and finance has ordered the office of income tax to review a taxation plan for cryptocurrencies. The call for taxing cryptocurrencies has raised speculations that the government may categorize gains from cryptocurrency trading as other income.   The government may impose a 20% […]

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer