Instant cryptocurrency exchange: No signup required
× Reward Pool Staking Explorer FAQ

South Korea considering imposing 20% tax on cryptocurrencies | The Edge Markets

It is certain that Bithumb would not have done a prior deduction of the withholding tax from its overseas customers. Now that the tax authorities are demanding $69.2 million in withholding tax, Bithumb must be in a dilemma as they would find it difficult to recover a large part of it from its overseas clients. If they are eventually made to pay it, it may wipe out all its profits. 

Source of shared link

Leave A Comment


    Share To Get Rewarded

    DLIKE - An Informative Face of Internet