2022-8-23 11:16 |
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines. origin »
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In recent times, regulators in South Korea have taken significant steps to make sure the crypto space is well regulated. From cracking down on "unlicensed" exchange platforms to implementing tax on crThe post Will South Korea delay bill dealing with tax on crypto gains appeared first on AMBCrypto.
2021-10-11 17:00 | |
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Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto.
2021-7-27 03:00 | |
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South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year.
2021-7-26 17:27 | |
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South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets.
2021-7-26 12:02 | |
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South Korean financial regulators are going after digital assets that are being held in exchange wallets
2021-7-26 11:29 | |
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South Korea seized nearly $50 million in cryptocurrency from 12,000 people, who are accused of tax evasion. The post South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes appeared first on BeInCrypto.
2021-6-24 22:35 | |
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A renowned TV host and a doctor are among wealthy individuals whose crypto assets… The post South Korea Seizes Over $47M in Crypto from Wealthy Tax Evaders appeared first on Coin Journal.
2021-6-23 13:27 | |
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Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide.
2021-6-4 19:41 | |
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The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto.
2021-5-29 13:30 | |
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Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto.
2021-5-29 22:15 | |
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Despite growing dissent with the planned crypto tax law in South Korea, a recent survey has surprisingly shown a significant level of support for the tax plan. Meanwhile, the country’s government appears set to move forward with the application on the new tax regime come January 2022.
2021-5-4 15:00 | |
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More than half of the survey respondents favored the controversial crypto tax law in South Korea.
2021-5-3 12:02 | |
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South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More
2021-4-28 23:00 | |
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On Tuesday, Hong Nam-Ki, South Korea’s finance minister, stated that the government is on course with the proposal to introduce capital gains tax on crypto trading starting next year. “It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” Hong stated during a news conference on Tuesday.
2021-4-28 21:38 | |
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South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”
2021-4-27 11:19 | |
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South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
2021-4-27 12:38 | |
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South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.
2021-4-25 03:33 | |
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The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges.
2021-4-24 14:30 | |
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The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto.
2021-4-24 11:03 | |
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The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents.
2021-4-24 14:19 | |
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Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.
2021-4-16 01:30 | |
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The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedThe post South Korea's Gyeongju targets tax defaulters via virtual asset seizures appeared first on AMBCrypto.
2021-4-15 23:30 | |
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South Korea’s tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy According to the Korea Herald on Monday (Mar.
2021-3-16 00:00 | |
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As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto.
2021-3-15 14:30 | |
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South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.
2021-3-15 12:18 | |
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An official response by ICON to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP has been released. President Min Kim Makes a Clarification The ICON Foundation President Min Kim said in an announcement that the ICON Foundation will not be under the influence of the investigation. The ICON Foundation isRead More
2021-3-9 21:00 | |
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The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More
2021-2-23 02:00 | |
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After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.
2021-2-23 12:43 | |
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South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains.
2021-1-8 22:55 | |
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South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.
2021-1-7 15:17 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting.
2020-12-2 00:00 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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The postponement follows a successful lobbying campaign by local crypto advocates.
2020-12-1 12:43 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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2020-11-25 17:02 | |
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South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country.
2020-11-25 16:30 | |
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The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
2020-11-25 14:25 | |
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South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.
2020-11-25 13:20 | |
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The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023.
2020-10-16 04:29 | |
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The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […]
2020-7-23 10:15 | |
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South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]
2020-7-22 18:59 | |
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South Korea has finalized a new 20% tax rate for income generated from crypto trading.
2020-7-22 12:23 | |
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Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More.
2020-6-22 21:00 | |
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According to a report by a local media outlet, Korea JoongAng Daily, the South Korean finance minister today confirmed that the country will go ahead with its plan to tax cryptocurrency transactions.
2020-6-18 21:07 | |
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South Korea?s finance minister Hong Nam-ki announced a plan to impose a tax on crypto
2020-6-18 17:27 | |
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The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021. Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021.
2020-6-13 01:07 | |
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Three months on from the pro-crypto government regulation and South Korea is moving to impose taxes on cryptocurrency trading. After a tumultuous two-year period, South Korea’s crypto scene is starting to see some positive sentiment from the authorities.
2020-6-13 20:24 | |
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Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets.
A parliamentary vote held by lawmakers in Slovakia approved an amendment that will reduce the taxation of cryptocurrencies, which is currently on a sliding scale.
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.
Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.