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Odds Grow That South Korean Crypto Tax Will Be Postponed
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Media outlets and lawmakers have been pouring scorn on the South Korean government’s much-maligned plans to introduce a tax on crypto trading from next year – with some suggesting that Seoul will have to back down from its plans.
As reported last week, the National Assembly will assess four separate private member’s bills that seek to delay or amend plans to levy 20% capital gains tax charges on crypto trading profits above an annual threshold of USD 2,100 as of January 1, 2022.
The National Assembly has already signed off on the measure, although it was bundled into a range of other tax reforms. Since then, however, crypto tax has become an increasingly hot political potato. Earlier this month, the Deputy Prime Minister and Finance Minister
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