Government proposes three-year loss carryforward as it moves to address gaps in overseas trading data
South Korea plans to push back cryptocurrency income taxation by another two years to 2029, the government said Thursday, responding to calls for more preparation time and proposing to let investors carry losses forward for three years.
Finance and Economy Minister Lee Hyeong-il said the government would work with the National Assembly to postpone the tax, which is due to take effect in January. If approved, the move would mark the fourth delay since the tax was legislated in 2020 for a 2022 start.
The announcement follows sustained…
