Today news
About the same in other media
15.01 - 00:37
South Korea to Tax Crypto Gifts, Inheritances, Plans Crackdown on Manipulators
Reading now: 433
The South Korean tax body has announced plans to start taxing crypto gifts and inherited tokens – although taxes will need to be paid in fiat using complicated-sounding methods. And Seoul has also announced that it will intensify its crackdown on crypto market manipulation.
According to KBS and the Donga Ilbo, the National Tax Service (NTS), the nation’s top tax body, has announced that as of January 2022, citizens will be obliged to pay tax on crypto they are either gifted or inherit from family members or acquaintances. The plan will be rolled out in spite of the fact that the National Assembly recently imposed a delay on crypto trading profits that means investors can trade tax-free until at least 2023.
In order to help taxpayers fulfill
Read more on cryptonews.comAbout this in other media
South Korea Raises Interest Rates Back to Pre-Pandemic Level wsj.com /2 years ago
Prosecutors Want to Put ‘Bogus’ Crypto Exchange Chiefs Behind Bars for Life in Legal First cryptonews.com /2 years ago
Cointelegraph Consulting: A look at Terra’s ecosystem cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
