Crypto World News: According to edaily, the Korea National Tax Service has officially begun preparations for taxing virtual assets, with the goal of putting them into effect starting January next year. The National Tax Service is working to ensure exchange data and to build an integrated analysis system, to ensure that the first comprehensive income tax filing scheduled for May 2028 can be completed smoothly. Under the current Income Tax Act, effective January 1 next year, gains generated from the transfer and lending of virtual assets will be classified as “other income,” and the portion of annual gains exceeding 2.5 million won will be subject to a tax rate of 22% (including local income tax).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments