The South Korean Finance Minister does not foresee a change in the taxation plan for cryptocurrencies from next year.
According to statements made by Finance Minister Hong Nam-ki on Wednesday and quoted by Yonhap, the government is ready to implement the relevant tax regime from next year as it had planned ahead of time.
Stating that the necessary infrastructure to implement the tax policy is ready, the Minister of Finance said that it is not necessary to postpone the policy. “legal stability” thinks it may have negative effects on
South Korea on earnings from trading cryptocurrencies 20% tax levy Although he had planned to implement his plan last year, this policy to be delayed the decision had been made.
The views of the Finance Minister are opposed by names such as Noh Woong-rae from the ruling Democratic Party. The infrastructure required for taxation has not yet been that you are not ready advocating Woong-rae, postponed until 2023 suggested last month.