Post
Topic
Board Economics
Re: Korea proposes 20% tax on crypto trading starting 2021
by
tyz
on 30/07/2020, 19:13:04 UTC
It's been a long time coming but it looks like they're finally here. Crypto taxes in South Korea.

Much better than in Germany, where you have to pay up to 45% on crypto gains if you buy and sell a crypto asset within a year Cheesy However, if you hold it longer than a year all gains are tax-free. For short-term trades, I think the South Korean approach is much better by simply taxing all profits at 20%.