South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing
5 outlets · first seen 1d ago · latest 22h ago
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Bitcoin Magazinefirst seen
South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing
Bitcoin Magazine South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing South Korea’s presidential office is reviewing a fourth postponement of the country’s 22% tax on crypto gains, with a 2029 start date gaining support among lawmakers and industry groups. The tax is scheduled to take effect January 1, 2027. The presidential office…
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.
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Cointelegraph.com News
South Korea lawmakers mull pushing crypto tax implementation to 2029
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.
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Bitcoin News
South Korea’s Crypto Tax Faces Fourth Delay as 2029 Date Looms: Report
South Korea is preparing to push its cryptocurrency gains tax back for a fourth time, according to local reporting, potentially giving investors until 2029 before the government collects a dime. The proposed delay would extend a tax policy first scheduled to launch in 2022. A Crypto Tax That Keeps Missing Its Start Date According to […]
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Blockonomi
South Korea Crypto Tax Plan Could Cost Upbit Billions of Won Each Year
TLDR South Korea is considering an education tax on crypto exchanges if they are reclassified as financial businesses under the Digital Asset Basic Act. Upbit operator Dunamu could owe about 10.2 billion won a year, while Bithumb could owe about 3.2 billion won. The tax is based on revenue, not profit, at 0.5% up to 1 trillion won and 1%…