South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges90.66

The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Original source
https://news.bitcoin.com/south-korea-tax-bitcoin-exchanges/

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