Korean Finance Minister Fights Bill to Postpone Crypto Tax Law
- South Korea’s Minister of Strategy and Finance, fights the bill postponing crypto tax.
- The 20% crypto tax code will come into effect on January 1st, 2022.
- The Democratic party intends to pass a bill postponing the crypto tax law by the end of October.
The Democratic Party, in South Korea’s National Assembly, intends to pass a bill postponing the crypto tax law by the end of October. In detail, Kim Byung-Ook, a National Assembly Representative from the Democratic Party, asked the Minister, in a National Assembly for the crypto tax to be postponed until 2023.
Also, the ruling party could pass the postponement bill if they can gather the votes notes. This is a statement by Representative Noh Woong-rae from the Democratic Party. There is not the adequate infrastructure in place for the government to calculate and collect crypto taxes.
Isn’t it reasonable to levy the stock market capital gains...
Read more: https://coinquora.com/korean-finance-minister-fights-bill-to-postpone-crypto-tax-law/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
