S. Korea To Tax Crypto Exchanges 24.2 Percent

[CryptoGirl]

news agency Yonhap reports that South Korean government has announced Monday, Jan. 22 that it will be collecting a 22 percent corporate tax and a 2.2 percent local income tax from the country’s cryptocurrency exchanges.

Yonhap reports that South Korean exchange Bithumb made 317.6 bln won ($295,368,000) last year in total, so is expected to pay about 60 mln won in taxes, according to the tax percentages announced Monday.




http://english.yonhapnews.co.kr/news/2018/01/22/0200000000AEN20180122002200320.html