- A bill from the opposition to abolish crypto taxation has been referred to a National Assembly standing committee.
- The proposed amendment to the Income Tax Act would delete the clause related to virtual-asset income, removing the legal basis for crypto taxation.
- The proposed amendment to the Income Tax Act and the petition to abolish crypto taxation will undergo detailed review and separate discussion in subcommittees of the Strategy and Finance Committee.
Forecast Trend Report by Period
A bill from South Korea’s opposition bloc to abolish taxes on virtual assets, or cryptocurrencies, has been referred to a National Assembly standing committee, setting up broader debate…
