Cryptocurrency Tax Deferred To 2023 In South Korea

After the session held yesterday, the South Korean National Assembly decided to postpone the tax regime for crypto money users for 1 year.

The new law, which will be implemented in South Korea, will allow the profits obtained from crypto money transactions within a one-year period. 2.5 million won (approximately 28,900 lira) to these earnings. by 20% tax envisages its introduction.

The application, which drew the reaction of both some politicians and crypto money investors in the country, from 1 January 2022 was planned to be implemented.

After the session held yesterday, the National Assembly decided to introduce an amendment to this law and the date of its entry into force. postponed to January 1, 2023. decided.


Image: Seoul, Ciaran O’Brien/Unsplash

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