South Korea Lawmakers Set to Tax Cryptocurrencies by Taiwo Lawal

South Korea is making allowance for categorizing cryptocurrencies as “goods” instead of “currencies” for the purpose of computing taxes. It is projected that income from dealing in cryptocurrencies will then be in danger of tax rates up to 20%. Rumours have it that the South Korean legislature are putting plans in place to modify extant
The post South Korea Lawmakers Set to Tax Cryptocurrencies appeared first on CryptoTVPlus.

South Korea is making allowance for categorizing cryptocurrencies as “goods” instead of “currencies” for the purpose of computing taxes. It is projected that income from dealing in cryptocurrencies will then be in danger of tax rates up to 20%. Rumours have it that the South Korean legislature are putting plans in place to modify extant […]

The post South Korea Lawmakers Set to Tax Cryptocurrencies appeared first on CryptoTVPlus.