Tag: virtual asset taxation
[Part 2] 13 Questions and 13 Answers about virtual asset tax in Korea
7. Local income tax 10%
But actually, the 20% tax isn't everything.
Taxation at 20% does not take into account the 10% local income tax.
What is...
[Part 1] 13 Questions and 13 Answers about virtual asset tax in Korea
1. Virtual Asset
Coins like Bitcoin or Ethereum are largely divided into two terms.
First, when it is called as currency like virtual currency or cryptocurrency.
Second,...
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FSC to Shift Crypto Exchange Listings from Self-Regulation to Public Oversight
The Financial Services Commission (FSC) of South Korea has announced plans to shift the management of crypto-asset exchange listings from a self-regulatory framework to...
