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Chaintimes 2021-05-06 12:17:26

South Korean Bitcoin miners can deduct electricity costs as business expenses when filing taxes.

According to a report by Pulse News, South Korea’s Ministry of Economy and Finance announced additional details of the country’s impending crypto tax law, which included a provision for crypto miners to report operating expenses as tax deductibles. These expenses cover electricity bills, with miners needing to prove how much electricity they utilize in their operations.   […]Read full post South Korean Bitcoin miners can deduct electricity costs as business expenses when filing taxes. on Chaintimes.com.

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