Cryptocurrency

South Korean Authorities to Levy Gift Tax on Crypto Airdrops: Report

South Korean Authorities to Levy Gift Tax on Crypto Airdrops: Report

As per local news reports, the South Korean government plans to introduce a new gift tax on crypto asset airdrops despite pushing back on the adoption of capital gains tax for the asset class so far. The government can currently levy gift or inheritance tax for 15 years on an individual that has given “gifts or inheritance” illegally or without notifying the governmen…

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