Profits from cryptocurrency trading are now subject to a 15% capital gains tax, according to a source from the Finance Ministry.
The ministry recommends investors identify their income from cryptocurrencies when filing tax this year to avoid legal penalties.
In 2022, all taxpayers who gained from cryptocurrencies, including investors and mining operators, are subject to a 15% withholding tax, while digital asset exchanges are exempt from such duties.
The Revenue Department plans to strengthen its surveillance of cryptocurrency trading this year after it saw significant growth in market size and the value of the digital asset market in 2021, the source said.
The department has the authority to collect taxes from…
