- The research report said the basic crypto tax deduction should be raised to 7.5 million won a year from 2.5 million won a year.
- The report said raising the deemed acquisition cost ratio to 75% for virtual assets with a total transfer value of 10 million won or less could improve the practical benefit of taxation.
- The government said it will not delay crypto taxation and will proceed with virtual-asset taxation as scheduled from next year.
Forecast Trend Report by Period
A report commissioned by South Korea’s National Tax Service recommended nearly tripling the basic deduction for virtual-asset taxation…
