Korea’s Ruling Party Pushes for Two-Year Delay on Crypto Tax Plan

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Korea’s Ruling Party Pushes for Two-Year Delay on Crypto Tax Plan The leader of South Korea’s People Power Party (PPP), Han Dong-hoon, has announced plans to delay the implementation of a capital gains tax on cryptocurrency investments by two years.

This development comes amidst a heated debate over the taxation of digital assets, with differing views between the ruling and opposition parties.

Speaking at a parliamentary meeting on November 21, 2024, Han emphasized the need for adequate preparation and a fair legal framework before taxing crypto-related income.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaGermanyJapanSouth KoreaSingaporeUnited States

Topics: South Korea Crypto Tax Delay Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 14:40:21 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23739935

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