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Korean government working on legislation to tax capital gains of crypto in 2020

  • Legislation is being prepared by the government in Korea to introduce a crypto tax capital gains.
  • It is expected to be released in early 2020 according to the Korea Times. 

The Korean government is undergoing preparation for legal tools to tax capital gains from the sale of crypto assets. 

Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. 

The Ministry of Economy and Finance is working on building the measure that will become a tax bill from next year. An official from the ministry said:

“Related discussions have been taking place.“The revised bill will be drawn up by the first half of next year.” 

The Korean National Assembly has also been working on a crypto taxation bill. An eventual bill would increase the transparency on all parts of the process of trading digital coins. But for sure, Korea will try to tax capital gains from the sale of digital assets.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

  • Legislation is being prepared by the government in Korea to introduce a crypto tax capital gains.
  • It is expected to be released in early 2020 according to the Korea Times. 

The Korean government is undergoing preparation for legal tools to tax capital gains from the sale of crypto assets. 

Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. 

The Ministry of Economy and Finance is working on building the measure that will become a tax bill from next year. An official from the ministry said:

“Related discussions have been taking place.“The revised bill will be drawn up by the first half of next year.” 

The Korean National Assembly has also been working on a crypto taxation bill. An eventual bill would increase the transparency on all parts of the process of trading digital coins. But for sure, Korea will try to tax capital gains from the sale of digital assets.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

  • Legislation is being prepared by the government in Korea to introduce a crypto tax capital gains.
  • It is expected to be released in early 2020 according to the Korea Times. 

The Korean government is undergoing preparation for legal tools to tax capital gains from the sale of crypto assets. 

Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. 

The Ministry of Economy and Finance is working on building the measure that will become a tax bill from next year. An official from the ministry said:

“Related discussions have been taking place.“The revised bill will be drawn up by the first half of next year.” 

The Korean National Assembly has also been working on a crypto taxation bill. An eventual bill would increase the transparency on all parts of the process of trading digital coins. But for sure, Korea will try to tax capital gains from the sale of digital assets.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

  • Legislation is being prepared by the government in Korea to introduce a crypto tax capital gains.
  • It is expected to be released in early 2020 according to the Korea Times. 

The Korean government is undergoing preparation for legal tools to tax capital gains from the sale of crypto assets. 

Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. 

The Ministry of Economy and Finance is working on building the measure that will become a tax bill from next year. An official from the ministry said:

“Related discussions have been taking place.“The revised bill will be drawn up by the first half of next year.” 

The Korean National Assembly has also been working on a crypto taxation bill. An eventual bill would increase the transparency on all parts of the process of trading digital coins. But for sure, Korea will try to tax capital gains from the sale of digital assets.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Source: fxstreet

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