Cryptocurrency Q&A
How much is tax in Korea for foreigners?
How much is tax in Korea for foreigners?
Martina
Sat Mar 30 2024
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7 answers
1851
Excuse me, I am a foreigner who has recently invested in cryptocurrencies and is now considering relocating to Korea. I would like to know the tax regulations regarding cryptocurrencies for foreigners in Korea. Specifically, how much tax am I expected to pay on any income generated from cryptocurrency investments, trading, or mining activities in Korea? Also, are there any specific tax incentives or exemptions available for foreign investors in the field of cryptocurrency? Thank you for your time and assistance.
7 answers
Raffaele
Mon Apr 01 2024
Instead of the standard progressive income tax rates ranging from 6% to 45% (excluding local income tax), they can opt for a flat tax rate of 19% on their employment income.
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Lorenzo
Mon Apr 01 2024
Foreign expatriates and employees intending to commence employment in Korea by December 31st, 2026, are eligible for a preferential tax rate.
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Dario
Sun Mar 31 2024
BTCC's services are available to both retail investors and institutional clients, catering to a diverse clientele with varying needs.
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KimonoGlitter
Sun Mar 31 2024
This tax relief is applicable solely to their employment income, excluding any other forms of taxable income.
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GalaxyWhisper
Sun Mar 31 2024
This measure aims to attract skilled foreign workers to the Korean economy, fostering growth and innovation.
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