#韩国推迟加密货币所得税
South Korea’s presidential office has indicated that it favors once again postponing the virtual asset income tax policy, which was originally scheduled to take effect. This would be the fourth time discussion of the bill has been delayed since it was introduced.
📌Key policy details:
The rules were originally set to tax gains from transferring or lending crypto assets. After deducting an annual tax-free allowance of 2.5 million won, gains would be subject to a combined tax rate of 22% (income tax + local tax).
⏰Reasons for the delay:
On the one hand, the supporting tax enforcement rules and transaction-tracking systems are not yet fully developed. On the other, the market and large numbers of retail investors continue to oppose the policy, fearing that funds will flow to overseas exchanges. Combined with public pressure from younger people, this has led the government to delay implementation.
👉Market impact:
In the short term, this eases downward pressure on South Korea’s domestic crypto trading platforms and cools expectations of capital outflows from Korean coins and “kimchi” exchanges. However, the broader tax framework has not been scrapped—only postponed—so the risk of regulation taking effect remains in the long term.$BTC
South Korea’s presidential office has indicated that it favors once again postponing the virtual asset income tax policy, which was originally scheduled to take effect. This would be the fourth time discussion of the bill has been delayed since it was introduced.
📌Key policy details:
The rules were originally set to tax gains from transferring or lending crypto assets. After deducting an annual tax-free allowance of 2.5 million won, gains would be subject to a combined tax rate of 22% (income tax + local tax).
⏰Reasons for the delay:
On the one hand, the supporting tax enforcement rules and transaction-tracking systems are not yet fully developed. On the other, the market and large numbers of retail investors continue to oppose the policy, fearing that funds will flow to overseas exchanges. Combined with public pressure from younger people, this has led the government to delay implementation.
👉Market impact:
In the short term, this eases downward pressure on South Korea’s domestic crypto trading platforms and cools expectations of capital outflows from Korean coins and “kimchi” exchanges. However, the broader tax framework has not been scrapped—only postponed—so the risk of regulation taking effect remains in the long term.$BTC