- The government said it will implement virtual-asset taxation as scheduled starting in January next year.
- It said a 22% tax rate will apply to income from the transfer or lending of virtual assets exceeding the 2.5 million won basic deduction under annual miscellaneous income.
- It said 85% of all investors and 90% of younger investors are holders of less than 5 million won, meaning the tax burden will be almost nonexistent or minimal.
Forecast Trend Report by Period
The South Korean government has reaffirmed plans to begin taxing virtual assets, or cryptocurrencies, in January 2027 as scheduled.
According to News1, Lee Hyung-il, deputy prime minister and finance minister, made…
