South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
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South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
"The National Tax Service (NTS) is currently finalizing the technical framework for tax collection. They are coordinating at a practical level by holding several meetings with the five major virtual asset operators (Dunamu, Bithumb, Coinone, Korbit, and Gopax) to prepare the draft."
South Korea's Finance Ministry plans to tax virtual assets starting in January, affecting 13.26 million investors with a 22% tax on gains over 2.5 million won. The National Tax Service is finalizing the tax collection framework, and major exchanges are preparing draft notices.
#south-korea #virtual-assets #taxation #finance-ministry #national-tax-service
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