The Korean government is paying taxes

2018-7-30 16:02

Cryptocurrency exchanges in South Korea may soon lose eligibility for significant tax benefits currently granted to smaller companies.
A proposed revision to the existing tax law, announced by the South Korean government on Monday, would exclude crypto exchanges from the category of startups or small and medium enterprises (SMEs) that can claim a tax cut of up to 100 percent, according to CoinDesk Korea.
However, the government appears to have decided that crypto platforms do not justify the benefits, explaining that “cryptocurrency transaction brokerage is not effective in generating added value.”
The news marks the latest legislative effort in South Korea that takes a focus on cryptocurrency and tax.
According to CoinDesk Korea, the government also announced in May that it would soon establish a cryptocurrency taxation system for investors.

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Источник: bitcoints.com

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2018-7-30 16:02

tax south → Результатов: 19

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