S. Korea to hike tax rates on high-earning online influencers, YouTubers: Finance Ministry
- 5 years ago
The South Korean government plans to hike tax rates on high-earning online influencers and YouTubers to prevent tax evasion.
Seoul's finance ministry said it has been collecting information on YouTubers who earn more than 10-thousand U.S. dollars in foreign currency annually,... as YouTubers get paid in the form of foreign remittance via Google's Asia-Pacific headquarters located in Singapore.
The tax office says there's a grey area on taxation for online influencers,... adding it will tighten the rules to ensure they pay their fair share in taxes.
Seoul's finance ministry said it has been collecting information on YouTubers who earn more than 10-thousand U.S. dollars in foreign currency annually,... as YouTubers get paid in the form of foreign remittance via Google's Asia-Pacific headquarters located in Singapore.
The tax office says there's a grey area on taxation for online influencers,... adding it will tighten the rules to ensure they pay their fair share in taxes.