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South Korea Considers Delaying Crypto Tax Until 2029
🇺🇸 United States · Economy · 3 h ago
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08.12 04:46 UTC
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South Korea’s Blue House Delays Crypto Income Tax Again
South Korea is considering delaying its tax on cryptocurrency gains for a fourth time, postponing the introduction until 2029, Newsis reported.
Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.
The National Tax Service still lists Jan.
The concern stems from differences in when countries will begin sharing crypto trading data under the OECD's Crypto-Asset Reporting Framework (CARF).
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