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South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed'
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South Koreans will most likely be able to trade crypto without having to pay tax on their earnings for at least another year after politicians signed off on an amendment to a much-maligned and controversial tax plan – in a major blow to the government, which bitterly opposed talk of a delay.
Today, the National Assembly Planning and Finance Committee decided on creating a partial amendment to the Income Tax Act at a plenary session, with major media outlets reporting that this has “virtually confirmed” the delay – and that the move to 2023 is now “de facto done.”
Per Maeil Kyungjae, as well as Sports Seoul and SBS, the last hurdle is now in sight in what has become a protracted saga: The National Assembly will vote on the amendment on
Read more on cryptonews.comAbout this in other media
‘Time Has Come to Embrace Crypto,’ Says South Korea Stock Exchange Chief cryptonews.com /3 years ago
South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /3 years ago
South Korean legislators agree to delay taxation of cryptocurrency capital gains ambcrypto.com /3 years ago
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