The South Korea Ministry of Economy and Finance confirmed that the Profits from individual virtual asset transactions are not a listed income. Furthermore, they are not taxable under the current tax law. South Korean Government is keen to study the crypto regulation approaches of major countries of crypto taxation. An official of the ministry said...Read More
A blockchain tax return tool will soon become a reality. Thomson Reuters Tax & Accounting has collaborated with Verady to develop a tool to track crypto transactions. Once added to the GoSystem TaxRS, this blockchain tax tool will assist the government in the Tax return procedure. The tool will help streamline classification, organization, and accountancy...Read More
