The government announced that the South Korean cryptocurrency exchanges had to pay taxes up to 24.2%. As per the existing law, it is identified that corporations earning income beyond 20 billion won have the tax obligation of 22% corporate tax and 2.2 percent local income tax. The crypto exchanges will have to pay their corporate tax by the end of March and local income tax in April.
Taxation on the income of Crypto ExchangesIncryptsJan 22, 20180
Apr 24, 2019