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S. Korea considering imposing 20 pct tax on cryptocurrencies

From en.yna.co.kr

South Korea's finance ministry has been considering imposing a 20 percent tax on income from cryptocurrency transactions, officials said Monday. The Ministry of Economy and Finance has recently ordered its office of income tax to review a taxation plan for cryptocurrencies, according to officials. Previously, the ministry's office of property tax had reviewed the plan. The move raised speculation that the government may categorize gains from cryptocurrency trading as other income, not capital gains. A government official, who spoke on the condition of anonymity, said the finance ministry has not finalized its plan to ... (full story)

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