Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on July 14, 2020, 06:59:35 AM

Title: South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
Post by: sirty143 on July 14, 2020, 06:59:35 AM

South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

(https://i.imgur.com/j7MaC7Xl.jpg)

South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains... See more for yourself here (https://cointelegraph.com/news/south-korea-could-issue-a-crypto-capital-gains-tax-as-high-as-20).

Your opinion is greatly appreciated.

Title: Re: South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
Post by: Tranquility on July 21, 2020, 04:30:48 AM

20% is a little too high for many. This could push people away from owning cryptocurrency.