South Korea’s Democratic Party pushes to implement 20% crypto tax in 2025
South Korea’s Democratic Party argued that increasing the threshold to 50 million won ($36,000) would mean only big players would be affected. Go to Source
south korea crypto tax
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South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure … Read more
