PANews reported on March 19th that, according to CoinDesk , South Korea's opposition party has proposed a bill to completely abolish the cryptocurrency income taxPANews reported on March 19th that, according to CoinDesk , South Korea's opposition party has proposed a bill to completely abolish the cryptocurrency income tax
South Korea's opposition parties have proposed a new motion to completely abolish the crypto tax plan, originally scheduled to be implemented in 2027.
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PANews reported on March 19th that, according to CoinDesk , South Korea's opposition party has proposed a bill to completely abolish the cryptocurrency income tax system originally scheduled to be implemented in 2027. The bill states that the current plan is to levy a 22% tax rate on cryptocurrency investment gains, while exempting stock investment gains from income tax; this arrangement has been criticized as unfair to cryptocurrency investors. If the bill passes, South Korea's planned cryptocurrency tax will be cancelled.
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