In South Korea, Treating (And Taxing) Crypto Gains As Income
PYMNTS
JANUARY 21, 2020
To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). In South Korea, “ other income ” includes funds received, for example, from lectures and lottery winnings. By way of contrast, capital gains can be taxed at more than 40 percent.
Let's personalize your content