South Korea
Taxed as business income at national 6-45% plus a 10%-of-tax local surcharge (~49.5% top), filed in the May global income return with a 3% withholding and self-paid NPS/NHIS. Crypto received as compensation is ordinary income at fair value on receipt.
Business income (사업소득) for an independent contractor; reported in the annual global income return, taxed as ordinary income not capital gains.
National 6-45% progressive + local income tax of 10% of the PIT amount; ~49.5% top combined. A 3% withholding on business-income payouts is creditable.
Self-enroll National Pension (~9%, full amount self-paid) + income/asset-based National Health Insurance.
Simplified expense rate (단순경비율) for small businesses below an industry revenue threshold computing income via a presumptive expense ratio.
Legal and regulated; USDC received as pay is taxed now as ordinary business income at FMV on receipt. The virtual-asset capital-gains tax (delayed to Jan 2027) targets investment disposal gains, not compensation.