Category: South Korea

South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea to Charge 20% Tax on Bitcoin Profits Under New LawSouth Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.5 […]

The post South Korea to Charge 20% Tax on Bitcoin Profits Under New Law appeared first on Bitcoin News.

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