Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
March 23, 2023The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.
December 8, 2022The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
October 19, 2022Foreign investors have complained about the current dividend policy, registration requirements, and a lack of corporate filings in English.
September 22, 2022The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.
July 26, 2022President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
May 5, 2022Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
April 11, 2022Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.
March 14, 2022The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.
October 14, 2021