South Korean opposition lawmaker Song Eon-seok proposed scrapping the plan to tax cryptocurrency income, rather than delaying its implementation for another two years.

Song argued that taxing profits from crypto assets while exempting profits from domestic stocks would cause confusion and burden investors.

The lawmaker also pointed to difficulties in identifying overseas transaction data and the original purchase prices of crypto assets currently held.

South Korea initially planned to impose a 22% tax on profits from crypto assets starting January 1, 2027. The government and ruling party later announced plans to postpone its implementation until 2029. This would be the fourth delay of the plan.

Source: https://tintucbitcoin.com/nghi-si-doi-lap-han-quoc-keu-goi-bo-ke-hoach-danh-thue-thu-nhap-tu-tien-ma-hoa/

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