S. Korea to hike tax rates on high-earning online influencers, YouTubers: Finance Ministry

S. Korea to hike tax rates on high-earning online influencers, YouTubers: Finance Ministry

The South Korean government plans to hike tax rates on high-earning online influencers and YouTubers to prevent tax evasion.br Seoul's finance ministry said it's been collecting information on YouTubers who earn more than 10-thousand U.S. dollars a year in foreign currency.br They get paid in the form of foreign remittance via Google's Asia-Pacific headquarters located in Singapore.br 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.


User: Arirang News

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Uploaded: 2019-09-30

Duration: 00:29

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