South Korea Proposes Fourth Delay of Crypto Tax to 2029
(4 hours ago) · 1 source · Summarized by CryptoBipto
South Korea's ruling party has proposed postponing the country's cryptocurrency tax for a fourth time, pushing the planned start date to 2029. The crypto gains tax, originally set to begin in 2022, has been repeatedly delayed. The latest proposal would extend the current tax-free period by two more years beyond the most recent target of 2027.
WHY IT MATTERS
When a government taxes crypto profits, it means that if you make money by selling cryptocurrency, you have to pay a portion of those gains to the government — similar to how profits from selling stocks are taxed in many countries.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- cointelegraph.com
RELATED