South Korea Proposes to Delay Crypto Taxation for Another 2 Years

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South Korea Proposes to Delay Crypto Taxation for Another 2 Years

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Tracy D'souza coinedition

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Feb 19, 2024 0 min read

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Originally published at coinedition

According to a report revealed by a local media outlet, Herald Business Daily, South Korea’s ruling People Power Party has proposed postponing the taxation on crypto investment gains as a general election pledge. The party envisions introducing a comprehensive regulatory framework prior to the implementation of taxation. Aligning with the right-wing party’s principle of ‘taxation after selection fee,’ the party has proposed postponing the taxation implementation to 2027. While the program was earlier rescheduled from January 2023 to January 2025, the party currently intends to delay it for another 2 years to establish a tax base for virtual assets in the 22nd National Assembly.

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Original article: coinedition

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South Korea Proposes to Delay Crypto Taxation for Another 2 Years

South Korea Proposes to Delay Crypto Taxation for Another 2 Years

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