Cryptocurrency Q&A
How much tax do foreigners pay in South Korea?
How much tax do foreigners pay in South Korea?
EthereumEmpire
Sat Mar 30 2024
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6 answers
1605
I'm a foreign investor interested in the cryptocurrency market in South Korea. Could you please tell me about the tax regulations for foreigners investing in cryptocurrencies in South Korea? I'm particularly interested in how much tax I would be required to pay on any profits I make from trading cryptocurrencies. Also, are there any special tax breaks or incentives available for foreign investors in the country? Thank you for your help.
6 answers
Valentino
Mon Apr 01 2024
Korea offers special tax benefits to foreigners working within its borders.
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ShintoSpirit
Mon Apr 01 2024
Foreign expatriates employed in Korea may qualify for a fixed income tax rate of 19%.
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Valentina
Sun Mar 31 2024
This flat tax rate applies to their earned income, which differs from the standard progressive tax rates.
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Giuseppe
Sun Mar 31 2024
The special tax rate is designed to attract skilled foreigners and promote international business activity in Korea.
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Stefano
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, provides services to individuals and institutions seeking to buy, sell, and trade digital assets.
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