2018-6-24 06:27 |
South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments.
10% Tax on Crypto Grains is Fake News
Taxation has been a hot topic in the cryptocurrency world this year.
Governments want their piece of the pie and traders are anxious to know how badly their tax collectors plan to gouge them.
Some have chosen complete leniency—as with Thailand who waived taxes on cryptocurrency gains altogether—but others have taken cruel action to deter investors as with the United States who imposed a capital gains tax on every single microtransaction.
Images courtesy of Shutterstock
The post South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake appeared first on Bitcoinist.com.
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