South Korean Lawmakers Weigh Delaying Crypto Tax Until 2029
Edited by Steinar Vigdel Kolnes, Editor, Oslo
South Korea is reportedly considering postponing its digital asset income tax until 2029 amid concerns over obtaining data from US authorities.
South Korean lawmakers are considering moving the implementation of a tax on digital asset income to 2029, according to Cointelegraph.
The policy dates back to 2020. The reported discussions would mark another attempt to postpone its introduction rather than abandon the tax.
Concerns about obtaining data from US authorities are reportedly among the reasons for considering a delay. The report does not indicate that a new implementation date has been approved.
Source: Cointelegraph
