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New South Korean Tax Structure for Crypto Profits Starts Next Year

New South Korean Tax Structure for Crypto Profits Starts Next Year Last Updated: 22 February 2021 The South Korean government has been doing significant work to establish a robust tax regime for cryptocurrencies. In its latest development, the government appears to have set a final date for the implementation of a 20 percent tax levy on crypto profits. 2022 is Final  Over the weekend, local news source The Korea Herald reported that South Korea’s Ministry of Economy and Finance had announced an amendment to its policy to implement a 20 percent tax bill on crypto profits. Per the report, the tax structure will take effect from January 1, 2020.

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