Main opposition pushes to ease, not postpone, crypto tax
The main opposition Democratic Party of Korea is planning to pass a bill that raises the threshold for a planned tax on virtual asset-related gains, up to 50 million won ($35,800) per from the previously planned threshold of 2.5 million won, sources said Thursday. The original scheme for crypto tax gains would have taxed crypto-related income of over 2.5 million won per year starting January 2023, but it has been pushed back two years. The bill will raise the threshold for tax exemption, but the
Nov. 21, 2024