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South Korea: proposed to impose income tax on Bitcoin transactions

Views: 18     Author: Site Editor     Publish Time: 2019-12-12      Origin: Site

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South Korea: proposed to impose income tax on Bitcoin transactions

According to South Korea's "Central Daily" report, the Ministry of Planning and Finance of the Republic of Korea stated on December 8 that the government has decided to levy income taxes on virtual assets such as Bitcoin and Ethereum, and plans to pass amendments to the Tax Law next year to formulate specific taxation plans. (Source: Economic Reference)


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