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Woofun AI reports that South Korea's National Tax Service is accelerating preparations for virtual asset taxation by 2027, including the creation of a Digital Asset Comprehensive Division and a comprehensive analysis system.
Meanwhile, the National Assembly has not scheduled a discussion on a petition signed by 50,000 people to abolish the tax, causing talks to stall. Under current rules, virtual asset investment income faces a 22% tax after a 2.5 million won deduction, whereas stock investors pay no capital gains tax on exchange transactions, and virtual asset losses cannot be carried forward. Related discussions are expected to resume after the government announces its tax reform plan at the end of July.