Ruling party, gov't fail to agree on delay of cryptocurrency tax
8 Articles
8 Articles
The Democratic Party of Korea and the government held a party-government consultative meeting at the National Assembly on the 28th to discuss whether to postpone the implementation of virtual asset taxation ahead of next January, but failed to reach a conclusion. Democratic Party lawmaker Oh Ki-hyung, the ruling party's ranking member on the National Assembly's Finance and Economy Committee, told reporters after the meeting, "We will review the …
Ruling party, gov't fail to agree on delay of cryptocurrency tax
The ruling Democratic Party of Korea (DPK) and the government failed to reach a decision for a fourth time Wednesday on whether to delay the planned taxation of cryptocurrencies, with the tax set to take effect next year. The meeting at the National Assembly, attended by DPK lawmakers and finance ministry officials, came as Korea plans to begin taxing virtual assets on Jan. 1. "We need to discuss several issues regarding taxation, and while some…
Ahead of the implementation of virtual asset taxation, Democratic Party Supreme Council Member Kim Min-seok and others are considering an additional postponement citing insufficient infrastructure and concerns regarding young people. The party and the government are continuing discussions to devise a realistic taxation plan by comprehensively considering the market environment changed since 2020 and global tax equity.
(Seoul = Yonhap News) Reporter Kim Jeong-jin = The Democratic Party of Korea will hold a party-government consultative meeting at the National Assembly on the 28th to discuss the issue of taxing virtual assets.
In South Korea, the Democratic Party and the government discussed on Wednesday whether to postpone the digital asset tax, which is expected to take effect in January 2027…
Ruling party, gov′t fail to agree on delay of cryptocurrency tax
SEOUL, Oct. 28 (Yonhap) -- The ruling Democratic Party (DP) and the government failed to reach a decision for a fourth time Wednesday on whether to delay the planned taxation of cryptocurrencies, with the tax set to take effect next year.The meeting
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