- The Blue House said it has decided to again postpone the planned January rollout of taxation on virtual asset income.
- It said the current income tax law calls for a 22% tax rate after a 2.5 million won deduction on income from the transfer or lending of virtual assets.
- The ruling party is pushing a bill to delay the start of virtual asset taxation until 2029, and the Blue House said it will finalize its position after consultations with the party and the government.
Forecast Trend Report by Period
South Korea’s Blue House has decided to again delay taxation on income from virtual assets, or cryptocurrencies, which had been due to take effect in January. The final policy will be set after…
