taxable

Auto Added by WPeMatico

Government Confirms Crypto Profits Not Taxable in South Korea

by

South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Also read: Regulatory Roundup … Read more

Two Norwegian Miners Scrutinized for Low Taxable Incomes

by

Two Norwegian cryptocurrency miners have garnered national media attention after declaring taxable incomes of less than $20,000 USD despite having admitted to owning at least 34 bitcoins during December of last year. Also Read: GPU Manufacturing Giant Nvidia Leaves Crypto Mining Reported Incomes of Two Norwegian Crypto Miners Subject of National Scrutiny Twenty-two-year-old cryptocurrency miners from … Read more