Taxation

Two-Thirds of Users Support Crypto Asset Taxation

Two-Thirds of Users Support Crypto Asset Taxation

A recent South Korean wallet provider Childly survey showed that 66 percent of respondents are in favor of taxing crypto-assets. The poll of more than 5,750 users of crypto worldwide showed that only one in five users of crypto are opposed to taxation of digital properties. Crypto ecosystem warms to taxation 48 percent of respondents […]

south korean tax policy association proposes two-step tax on cryptocurrency

South Korean Tax Experts Proposes 2-Step Tax on Cryptocurrency

South Korean tax experts have advised the Korean government to apply a low-level trading tax on cryptocurrency profits before subjecting citizens to a transfer income tax, according to a Business Korea report. The Korean government is expected to announce its tax reform plan in late 2020. The low-level trading tax was recommended because there is […]