South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax

📆 23/08/2022 04:03:00
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The government’s stand on this issue is that virtual asset donations should be considered on case to case basis, media reports said.

The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws.Gift Tax on Airdrops

“In this case, a gift tax will be levied on the third party to whom the virtual asset is transferred free of charge,” the ministry said.

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France Dernières Nouvelles, France Actualités