Park Soo-young Urges Swift Decision on Crypto Tax Delay, Says Rules and IT Infrastructure Must Come First
- Park, the deputy policy chief, urged the government to quickly confirm a delay to virtual-asset taxation, saying institutional improvements and IT infrastructure must come first.
- He said a fair tax environment is still lacking because concrete standards and systems, including taxable assets and tax calculation methods, remain inadequate even after the five largest domestic virtual-asset exchanges and the National Tax Service exchanged 49 official documents.
- He said difficulty tracking overseas trades and delays in CARF participation could concentrate the tax burden on users of domestic exchanges, and called for an additional delay and an effective tax regime, adding that funds flowing into local exchanges have fallen by half and the…
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