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). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.
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