Korea's cryptocurrency tax will go into effect on October 1, 2021.

08月
25
2020-8-25 13:54
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According to the report, 16 legislative changes were completed by the National Assembly on the 25th, and the government plans to submit the bill to the National Assembly on the 3rd of next month. The amendment states that from October 1, 2021, if you earn more than 2.5 million won per year from cryptocurrency activity, you will have to pay 20% of taxable income. In July, the South Korean Treasury Department announced its tax reform plan for 2020, which said it would increase tax revenue on digital benefits by 20%.

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2020-8-25 13:51

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