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S Korean Industry Group Asks Seoul To Suspend Crypto Taxes Until 2023
Summary: The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing a tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related firms, suggested pushing ...
The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing a tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.
Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related firms, suggested pushing back the tax plans until January 2023 – when a new set of capital gains tax rules pertaining to stocks and securities transfers comes into force.
Tracy Chen
Tags: S Korean
Link: S Korean Industry Group Asks Seoul To Suspend Crypto Taxes Until 2023 [Copy]
