Powered by WPeMatico
Category: tax free
Auto Added by WPeMatico
Government Confirms Crypto Profits Not Taxable in South Korea
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 […]
The post Government Confirms Crypto Profits Not Taxable in South Korea appeared first on Bitcoin News.
Powered by WPeMatico
Thailand Waives 7% VAT for Individual Cryptocurrency Investors
Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space VAT Exemption The decree […]
The post Thailand Waives 7% VAT for Individual Cryptocurrency Investors appeared first on Bitcoin News.
Powered by WPeMatico
Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation
Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s […]
The post Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation appeared first on Bitcoin News.
Powered by WPeMatico
Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March
The decree signed by Belarusian president Alexander Lukashenko which legalizes cryptocurrencies, initial coin offerings, and smart contracts, will enter into force in March. Cryptocurrency activities are not restricted by the decree and will be tax exempt until 2023. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Cryptocurrencies Soon […]
The post Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March appeared first on Bitcoin News.
Powered by WPeMatico