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Korea To Charge 20% Tax On Annual Crypto Income More Than 2.5 Million Won
Summary: South Korea’s Ministry of Strategy and Finance announced the proposed amendment to the 2020 tax law on July 22. According to the announcement, a 20% tax on virtual asset transaction income of more than 2.5 million won ($2,100) a year will be charged from October next year, Yonhap News reports. Tracy Chen
South Korea’s Ministry of Strategy and Finance announced the proposed amendment to the 2020 tax law on July 22. According to the announcement, a 20% tax on virtual asset transaction income of more than 2.5 million won ($2,100) a year will be charged from October next year, Yonhap News reports.
Tracy Chen
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Tags: Crypto,Tax
Link: Korea To Charge 20% Tax On Annual Crypto Income More Than 2.5 Million Won [Copy]
Tags: Crypto,Tax
Link: Korea To Charge 20% Tax On Annual Crypto Income More Than 2.5 Million Won [Copy]
