S. Korean government may consider cryptocurrency profit as 'other income'

정부, 내국인 가상화폐에 세율 20% '기타소득세' 검토

The Korean government is considering classing profits made through cryptocurrency trading as 'other income.'
And they will be subject to a 20 percent rate of tax.
According to officials on Monday, the department that reviews the taxation of the cryptocurrency within Ministry of Economy and Trade has been shifted from property tax to income tax.
Sources say,... the government is trying to list the earnings from cryptocurrency as income tax.
Since last year, the finance ministry has been pushing to amend the tax law to tax individuals' profits from cryptocurrency transactions.

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