South Korea’s Finance Ministry Joins Push to Hold Off Crypto Tax Until 2029
Photo: Unchained
Finance Minister Lee Hyoung-il said Seoul will seek a two-year postponement of the 22% tax on crypto gains, paired with a three-year loss carryforward, a day after the ruling Democratic Party called for a delay. South Korea’s government put its own name to another delay of the country’s crypto income tax on Nov. 5, saying it will ask the National Assembly to move the start date from Jan. 1, 2027 to 2029 . The ruling Democratic Party had proposed a deferral the day before.
Source: Unchained
