🇰🇷 South Korea Postpones Cryptocurrency Income Tax Policy
$BTC
South Korea’s presidential office has postponed the cryptocurrency income tax policy, which was scheduled to take effect on January 1, 2027. According to Odaily, the tax was introduced through a 2020 revision of the Income Tax Act and has already been delayed three times.
Under the revised law, annual gains from transferring or lending virtual assets would be subject to a 22% combined tax, including income and local taxes, after a basic exemption of ₩2.5 million.
#CryptoNews #SouthKorea #CryptoTaxReform #bitcoin #Cryptocurrency #DigitalAssets
$BTC
South Korea’s presidential office has postponed the cryptocurrency income tax policy, which was scheduled to take effect on January 1, 2027. According to Odaily, the tax was introduced through a 2020 revision of the Income Tax Act and has already been delayed three times.
Under the revised law, annual gains from transferring or lending virtual assets would be subject to a 22% combined tax, including income and local taxes, after a basic exemption of ₩2.5 million.
#CryptoNews #SouthKorea #CryptoTaxReform #bitcoin #Cryptocurrency #DigitalAssets