- Lee Hyoung-il said many investors are unlikely to face a significant tax burden under the planned virtual asset tax set to take effect in 2027.
- He said taxable amounts for many virtual asset investors may remain limited because 85% hold less than 5 million won in assets and an annual 2.5 million won basic deduction will apply.
- Lee said the tax burden could be limited because part of the profit may be recognized as a necessary expense when acquisition prices are difficult to verify, while adding that further discussion is needed at a National Assembly subcommittee.
Forecast Trend Report by Period
Lee Hyoung-il, South Korea’s nominee for deputy prime minister and finance…
