South Korean lawmakers are considering various options for taxation bitcoin. This is reported by Bitcoin.com.
A meeting of the National Tax Service (NSO) was held in Sejong City on October 13, where representative of the department Han Seung-hee answered questions concerning taxation options for crypto-currency, in particular bitcoin.
Also at the meeting it was noted that the daily volume of trade operations with the crypto currency already surpassed the corresponding indicator of the South Korean exchange Kosdaq.
I am still taxing business income, and I am discussing whether to tax the value-added tax or capital gains tax with regard to virtual currencies such as bitcoin.
Also, according to Han Seung-hee, the Ministry of Strategy and Finance of South Korea actively participates in the discussion of taxation issues. Among other things, agencies are considering the introduction of a gift tax on digital assets.
Finally, Han Seung-hee noted that his department is actively studying the experience of the United States, where the profits from operations with crypto assets are taxed, as well as the Japanese experience in regulating the sphere of virtual currencies.