POPA ReconCoin Taxation Postponed, July Tax Law Enactment Exempted...Taxed as Scheduled from Next Year
Coin Taxation Postponed, July Tax Law Enactment Exempted...Taxed as Scheduled from Next Year According to related ministries on the 11th, the Ministry of Finance and Economy has decided not to include a plan to suspend the taxation of virtual assets in the tax law amendment in July. According to the current income tax law, if the income earned from trading virtual assets exceeds 2.5 million won per year from January 1 next year, a 20% tax rate (22%, including local income tax) will be imposed on the excess. If you bought and sold bitcoin for a year and earned 5 million won in profits, you…
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