South Korea’s Upcoming Crypto Tax Law Inevitable, Says Finance Minister

2021-4-28 23:00

South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More origin »

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south tax crypto korea finance minister inevitable

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Источник: btcmanager.com

south tax → Результатов: 126

South Korea’s Democratic Party pushes to implement 20% crypto tax in 2025

South Korea’s Democratic Party said increasing the tax threshold to 50 million won ($36,000) would mean only big players will be affected.

2024-11-20 13:39
south tax party korea democratic mean only

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South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country.

2022-5-19 11:33	Terra
south tax korean treated decision-making domestic process

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Crypto tax in South Korea is ‘inevitable’ in 2022, says minister

South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”

2021-4-27 11:19	Taxes
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South Korean Prime Minister nominee to look into controversial crypto tax law

South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.

2021-4-27 12:38	South Korea
tax south law crypto significant continues korea

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Korean tax officers seize $22M in crypto directly from exchange accounts

South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.

2021-4-25 03:33	btcusd
directly accounts crypto exchange tax evaders out

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Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges.

2021-4-24 14:30
cryptocurrencies korea tax worth seized investors south

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Opposition to Crypto Tax Plans Gaining Momentum in South Korea

The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto.

2021-4-24 11:03	South Korea
plans south opposition crypto korea momentum gaining

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Seoul government seizes $22M worth of crypto from tax evaders

The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents.

2021-4-24 14:19
city seoul tax becomes owned delinquents south

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South Korean City Threatens to Seize Cryptos From Tax Evaders

Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.

2021-4-16 01:30
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South Korea's Gyeongju targets tax defaulters via virtual asset seizures

The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedThe post South Korea's Gyeongju targets tax defaulters via virtual asset seizures appeared first on AMBCrypto.

2021-4-15 23:30	News
asset virtual tax gyeongju south city seizures

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South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.

2021-3-20 03:30
crypto authorities tax south pay taxes exchanges

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South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation

South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won.

2021-3-17 08:30
korean tax cryptocurrencies evaders south watchdog nation

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South Korea’s Tax Agency Clamps Down on Individuals Hiding Assets Via Crypto

South Korea’s tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy According to the Korea Herald on Monday (Mar.

2021-3-16 00:00	tax
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South Korea cracks down on tax evaders using cryptocurrencies

As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto.

2021-3-15 14:30	News
tax south korea down cryptocurrencies market evaders

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South Korea deepens probe on tax evasion via cryptocurrencies

South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.

2021-3-15 12:18	South Korea
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South Korea: ICON Foundation Will Not Be Charged Even As ICONLOOP is Under Investigation

An official response by ICON to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP has been released. President Min Kim Makes a Clarification The ICON Foundation President Min Kim said in an announcement that the ICON Foundation will not be under the influence of the investigation. The ICON Foundation isRead More

2021-3-9 21:00
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South Korea’s Crypto Tax Law Coming in 2022

The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More

2021-2-23 02:00	South Korea
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South Korea fast tracks 20% tax on Bitcoin and crypto profits to 2022

After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.

2021-2-23 12:43	Taxes
south korea set finally forth much back

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South African Tax Regulators Shift Focus To Crypto; Sends Out Audit Requests

According to local news firm, Broadband, SARS sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. This was confirmed by Tax Consulting South Africa, which has recently been approached by a number of taxpayers on the issue.

2021-2-6 20:36	Legal & Regulation
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South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

2021-2-4 14:43	CoinFlash
report south tax ensnaring likely non-compliant consultancy

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South Korean Government to Start Taxing Crypto Trading Profits in 2022

The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […]

2021-1-9 13:15
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South Korea Finalizes New 20% Tax Regime on Crypto Starting in 2023

South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains.

2021-1-8 22:55	Legal & Regulation
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South Korea’s 20% Crypto Tax Still on Track for 2022: Report

South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.

2021-1-7 15:17	CoinFlash
south korea said finalized wednesday amendment cryptocurrency

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South Korea’s National Assembly Approves Amendment to Push Crypto Tax Rule to January 2022

South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.

2020-12-3 22:19	Legal & Regulation
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South Korea Postpones 20% Crypto Tax Policy to 2022

South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting.

2020-12-2 00:00	South Korea
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South Korea Approves Postponing Crypto Tax Enforcement Until 2022

South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.

2020-12-1 13:34
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South Korea to delay new tax regime on cryptocurrencies until 2022

The postponement follows a successful lobbying campaign by local crypto advocates.

2020-12-1 12:43	Law
postponement follows successful lobbying crypto advocates local

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South Korean Lawmakers to Delay Cryptocurrency Tax Rule Implementation Till 2022

The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […]

2020-11-26 00:23	South Korea
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Korea’s National Assembly Suggests Delaying Income Tax Rule on Crypto Assets to Jan 2022

South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.

2020-11-26 20:59	Legal & Regulation
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South Korea May Delay Crypto Income Tax Rule to January 2022

Continue reading at Coinspeaker

2020-11-25 17:02
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South Korea: Crypto Tax Law Might Be Postponed Until 2022

South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country.

2020-11-25 16:30	South Korea
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South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

2020-11-25 14:25	CoinFlash
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South Korean government to delay crypto tax rules by three months

Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure.

2020-11-26 13:37	Taxes
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South Korea May Postpone Cryptocurrency Tax Enforcement Until 2022

South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.

2020-11-25 13:20	South Korea
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$60.2M tax on Bithumb has no legal basis, claims South Korean lawmaker

South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80. 3 billion won ($60. 2 million) by the country's National Tax Service (NTS). Bithumb, for its part, was The post $60.

2020-10-10 17:30	Trading View
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South Korean Police Investigate Who Leaked the Crypto Tax Bill

Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced.

2020-7-24 04:58
crypto bill leaked tax police details investigating

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South Korea will implement a 22% tax law on Cryptocurrencies come 2021

The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […]

2020-7-23 10:15	South Korea
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South Korea to Charge 20% Tax on Bitcoin Profits Under New Law

South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.

2020-7-23 07:15
south korea decision tax profits notice amendment

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South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code

South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]

2020-7-22 18:59	Legal & Regulation
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South Korea Finalizes Cryptocurrency Income Tax of 20%

South Korea has finalized a new 20% tax rate for income generated from crypto trading.

2020-7-22 12:23	Taxes
tax south income korea new finalized rate

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South Korea Levying Crypto Tax Will Stifle Industrial Growth, Say Economists

Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More.

2020-6-22 21:00	tax
south economists growth crypto korea stifle tax

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South Korea to Impose Crypto Tax, Says Finance Minister

According to a report by a local media outlet, Korea JoongAng Daily, the South Korean finance minister today confirmed that the country will go ahead with its plan to tax cryptocurrency transactions.

2020-6-18 21:07	South Korea
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South Korea Plans to Tax Cryptocurrency, According to Its Finance Minister

South Korea?s finance minister Hong Nam-ki announced a plan to impose a tax on crypto

2020-6-18 17:27
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South Korea Could Tax Cryptocurrency Trading Profits from 2021

The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021. Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021.

2020-6-13 01:07
trading south 2021 cryptocurrency could tax gains

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South Korea to Tax Crypto Trading Like Real Estate

Three months on from the pro-crypto government regulation and South Korea is moving to impose taxes on cryptocurrency trading. After a tumultuous two-year period, South Korea’s crypto scene is starting to see some positive sentiment from the authorities.

2020-6-13 20:24	South Korea
south korea crypto trading period tumultuous scene

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South Korea is Proposing A Tax on Profits From Crypto-Fiat Transactions

The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations.

2020-5-31 18:18	Legal & Regulation
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South Korea Is Exploring New Crypto Tax Laws

The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.

2020-5-28 23:30	Government
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South Korea to tax crypto income from next year

The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets.

2020-5-28 15:52
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Bitcoin: Are current crypto-tax laws hindering coin's adoption?

Crypto-taxing has been talked about a lot lately. While South Korea's regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de AdministraThe post Bitcoin: Are current crypto-tax laws hindering coin's adoption? appeared first on AMBCrypto.

2020-4-19 00:30	BTC Trading View
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2021-4-28 23:00

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