Ukrainian Taxpayers Will Now Have to Report Crypto Holdings

Ukraine’s revenue agency has published guidance for taxpayers to report their cryptocurrency holdings.  According to the new document, first reported by Russian-language crypto news outlet Forklog, taxpayers should report digital assets as intangible property, similar to intellectual property or licenses for natural resources extraction. The guidance indicates that cryptocurrencies, according to the Financial Action Task […]

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South Korea Considers 20% Crypto Tax

The South Korean government is said to be considering imposing a 20 percent tax on all cryptocurrency transactions. South Korea’s Yonhap News Agency reported Monday that officials from the Ministry of Economy and Finance’s income tax office had been reviewing a new proposal that could see the country adopt a clearer regime for how it […]

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South Korea Confirms No Income Tax on Crypto Profits

According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. According to the Ministry’s announcement, the current […]

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