South Korea to impose 20% tax on capital gains from cryptocurrency transactions next year
Shortpedia
Content Team
Image Credit: Shortpedia
South Korea plans to impose a 20% income tax on capital gains from cryptocurrency transactions starting next year as planned, the government announced on Friday, despite growing investor calls for delaying the taxation plan. The government announced the plan after discussing the matter during a vice-ministerial interagency meeting chaired by Koo Yoon-cheol, head of the government policy coordination under the Prime Minister's Office.
