Bitcoin
South Korea Assembly Tax Panel to Review Seven Bills to Delay or Scrap Crypto Tax
Summary The Tax Subcommittee of the National Assembly’s Strategy and Finance Committee will review seven amendments related to delaying or abolishing virtual-asset taxation . Lawmakers from the ruling and opposition parties have proposed delaying the start of virtual-asset taxation by two to three years and allowing loss carryforwards for three to five years. The government has also decided to pursue a plan to delay virtual-asset taxation by two years and allow loss carryforwards for three years. Forecast Trend Report by Period South Korea’s National Assembly is beginning its review of bills that would postpone the start of virtual-asset taxation or...
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