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A petition to cancel the planned digital currency tax of 22% in 2018 passed 0 percent of signatures.
It is now headed to the Finance and Economic Planning Committee of the National Review Committee. The petition was submitted on May 13, and the threshold was opened on May 21. It now has 53,359 signatures.
The digital currency tax is scheduled to come into effect in 2027
Enter the digital currency tax of 20% in South Korea, which rises to 2222 with local feesin force on January 1, 2027. The law applies to profits that exceed 2.5 million
The plaintiff argues that it is not fair to cancel South Korea’s investment tax You will be taxed on the profits of the shares) but it still goes ahead with taxing cryptocurrency profits.
They claim that this creates inequality Among investors, it hurts young people who are trying to build wealth, and ignores the recession The current digital currency market is failing to the infrastructure sufficient to protect investors.
“Due to the rise in real estate prices, it has become more difficult to build assets for young people. Buying a home without accumulating assets, looking at virtual assets before the sale of some assets is a last-ditch opportunity to take advantage of the fact that if I add an additional tax burden in this situation. Building assets for young people is more important,” as stated in the width .
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South Korea has postponed the implementation of the digital currency tax three times since 2022. This petition is part of the ongoing public pressure to abolish it.
At the same time, in March, the leader of the People’s Power Party Song Aun-Suk Mashres, the leader of the People’s Power Party Song Aun-Suk Mashres, the leader of the People’s Power Party Song Aun-Suk Mashres, the leader of the People’s Party Party Song Aun-Suk Mashres, the leader of the People’s Party Party With the digital asset tax included in it current income tax law.
However, the Ministry of Economy and Finance confirmed publicly This is the month that the tax will continue in January 2027. This is the wall that you hit with this time.
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