🇰🇷 New South Korean tax law proposes removal of benefits for virtual currency businesses
In an official statement published Monday the South Korean government revealed proposals for their 2018 revised tax code. Notably, crypto exchanges would no longer be eligible for tax benefits afforded to small- and medium-sized businesses. Exchanges made considerable revenue during the past year and the value of exemptions correspondingly increased. If approved the changes would go into effect next year.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.