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South Korea's Ministry of Finance and Economy Planning Further Deferral of Capital Gains Tax on Virtual Assets

|Proposed Changes|South Korea
South Korea

South Korea's Ministry of Finance and Economy has issued a notice on plans for a further deferral of capital gains tax on virtual (crypto) assets. The tax has been deferred multiple times, most recently to 1 January 2027. Now, the Ministry is planning a further delay to 1 January 2029, as well as a 3-year loss carryforward mechanism, which will be discussed with the National Assembly. According to the notice, the deferral is proposed considering that information exchange regarding virtual as…

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