South Korea proposal for 20% digital currency gains tax gains traction - CoinGeek

in DLIKE • 4 years ago

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Residents in South Korea may soon have to pay a 20% tax and an extra 2% local tax on their digital currency profits.

Deputy Prime Minister Hong Nam-ki announced that the government has finalized its digital currency tax proposal. The proposal will be voted on September 3, 2020 and is expected to take effect on October 1, 2021—if passed.


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