South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

[Robin21]

Hi stakers!!

The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies.

 

What do you think of the Korean government proposing to take away tax benefits for crypto exchanges?

[Kate]

20 hours ago, Robin21 said:

Hi stakers!!

The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies.

 

What do you think of the Korean government proposing to take away tax benefits for crypto exchanges?

Many exchanges like bithum which had to pay around 30 mil usd just had to pay like 7 mil instead

[Robin21]

5 hours ago, Kate said:

Many exchanges like bithum which had to pay around 30 mil usd just had to pay like 7 mil instead

And then they got “hacked” 30m stolen.. hahah yes..

[Kate]

16 minutes ago, Robin21 said:

And then they got “hacked” 30m stolen.. hahah yes..

Yeah but it's nothing to laugh about. But out of the stolen funds they have to pay that much

[xtinepink]

I noticed that you don’t put the link whenever you post on news section, Please give us also the source of the news so we can check the full details of it. 

[Kate]

But newly crypto exchanges will still get the discount right