Search results for VAT
Crypto
Vietnam to tax cryptocurrency like stocks, plans 0.1 percent transaction levy
Vietnam is drawing up a tax policy for cryptocurrency trading and is pursuing a plan to treat digital assets the same as securities, Cointelegraph reported on Friday. The finance ministry proposed a 0.1 percent personal income tax on crypto trades for all investors regardless of residency, while exempting value-added tax. Companies would pay 20 percent corporate tax on net profits, and exchanges would face minimum capital requirements and a 49 percent foreign ownership cap.
Finance
Woori Bank launches non-face-to-face issuance of foreign exchange purchase certificate
Woori Bank said on Tuesday it has launched a service allowing individual customers to issue a foreign exchange purchase (deposit) certificate without visiting a branch. The certificate proves that foreign currency remitted from overseas, such as dollars, was exchanged and deposited through a domestic bank. It is required for some content creators, including YouTubers receiving advertising revenue from overseas platforms, when filing VAT to apply a zero tax rate.
Telecommunications & Media
SKT opens preorders for ZEM Phone Pocket Peace
SK Telecom is taking online preorders for its new kids’ smartphone, the ZEM Phone Pocket Peace, through Dec 11. The LTE device, based on Samsung’s Galaxy A17, launches on Dec 12 and includes themed content, accessories and safety features via the ZEM app. Users receive learning apps for English and current affairs for six months at no cost. Early buyers through T Direct Shop can receive gift vouchers and children’s gift items.