South Korea Weighs Fourth Crypto Tax Delay
South Korea is reportedly considering a fourth postponement of its digital asset gains tax, pushing the implementation target to 2029.
South Korea is considering delaying the implementation of its cryptocurrency gains tax for a fourth time, according to a report by TheBlock. The proposed postponement aims to align the country's timeline with the United States schedule for integrating the Crypto-Asset Reporting Framework, an international tax framework established by the Organisation for Economic Co-operation and Development for digital assets.
If enacted, the adjustment would target a 2029 start date for the digital asset tax framework.
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Key facts
- South Korea is reportedly weighing a fourth delay to its crypto gains tax.
- The potential postponement targets a 2029 start date.
- The delay is intended to align with the United States schedule for integrating the OECD's CARF international tax framework.
Source: theblock.co
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