POPA Recon"There is an advantage for taxpayers because virtual assets are managed with other income," said Moon Jung-ho, head of the Ministry of…
"There is an advantage for taxpayers because virtual assets are managed with other income," said Moon Jung-ho, head of the Ministry of Finance and Economy at an emergency review debate on virtual assets held at the National Assembly Hall in Yeouido, Seoul on the 7th. "If you are subject to comprehensive taxation, you have to pay tax rates of up to 45%, but since it is other income, taxing only 20% is a system that is appreciated by investors who generate large income from virtual assets." ... "I think it is difficult to classify virtual assets as tangible assets or other assets such as cash, n…
The excerpt is quoted from a public Telegram channel, which owns its text.