#韩国考虑对加密交易所征教育税
⚖️ 合规风向，进群一起看
When it comes to crypto taxes, South Korea is sending mixed signals.
On one side is the National Assembly.
A lawmaker has proposed imposing a separate education tax on exchange revenue.
The goal is to fill funding gaps in local education.
The tax would be levied directly on platform trading fees.
On the other side is the government.
The start date for income tax has reportedly been postponed for the fourth time.
Businesses and investors are waiting for a firm date.
The same industry is facing a new tax on one front and a delay to an existing one on another.
Exchanges have to plan for three sets of rules:
income tax, education tax, and reporting requirements that could change at any time.
Compliance teams are the first to take a hit to their budgets.
South Korea has a high proportion of retail investors.
Whenever tax rates change, small investors are the first to leave.
Liquidity on domestic platforms has already been siphoned off once.
It’s only a matter of time before smaller exchanges can no longer cope with two taxes and shut down.
For crypto, uncertainty about taxes hurts the market more than the tax rate itself.
Rules need to be set in stone six months in advance for regulation to be considered adequate.
You can’t hedge against rules that keep changing with every announcement.
Do you think it makes sense to raise one tax while delaying another? Let’s talk in the comments.
⚖️ 合规风向，进群一起看
When it comes to crypto taxes, South Korea is sending mixed signals.
On one side is the National Assembly.
A lawmaker has proposed imposing a separate education tax on exchange revenue.
The goal is to fill funding gaps in local education.
The tax would be levied directly on platform trading fees.
On the other side is the government.
The start date for income tax has reportedly been postponed for the fourth time.
Businesses and investors are waiting for a firm date.
The same industry is facing a new tax on one front and a delay to an existing one on another.
Exchanges have to plan for three sets of rules:
income tax, education tax, and reporting requirements that could change at any time.
Compliance teams are the first to take a hit to their budgets.
South Korea has a high proportion of retail investors.
Whenever tax rates change, small investors are the first to leave.
Liquidity on domestic platforms has already been siphoned off once.
It’s only a matter of time before smaller exchanges can no longer cope with two taxes and shut down.
For crypto, uncertainty about taxes hurts the market more than the tax rate itself.
Rules need to be set in stone six months in advance for regulation to be considered adequate.
You can’t hedge against rules that keep changing with every announcement.
Do you think it makes sense to raise one tax while delaying another? Let’s talk in the comments.
