South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds
The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery. As reported by the Korea Times, the income tax department under the Ministry of Economy and Finance recently started reviewing taxation plans for gains from cryptocurrency transactions. This role was previously … Continue reading South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds