Today news
About the same in other media
Mixed messages on crypto tax rules create confusion in South Korea
Reading now: 668
South Korean government officials have created confusion this year with conflicting announcements regarding a possible repeal or amendment of the upcoming crypto tax set to come into effect in 2022.
Throughout 2021, debate has increased in intensity in the National Assembly, South Korea’s legislature, about whether, or how, to amend the crypto tax. If unchanged, the tax will levy a 20% tax on income generated by crypto transactions in excess of 2.5 million Korean won, or about $2,100.
NFT regulations are the latest example of confusion over crypto assets in the country.
On Nov. 5, FSC officials stated definitively that NFTs would not be subject to the crypto tax based on FATF guidelines classifying NFTs differently from cryptocurrency.
But
Read more on cointelegraph.comAbout this in other media
South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed' cryptonews.com /3 years ago
Hedera and Korea's Shinhan Bank partner on KRW stablecoin pilot cointelegraph.com /3 years ago
South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
