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South Korea Delays Plans to Tax Crypto to 2023

Lavender Au, Eliza Gkritsi by Lavender Au, Eliza Gkritsi
December 3, 2021
Reading Time: 1 min read
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South Korea Delays Plans to Tax Crypto to 2023



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Stocks financiers would just pay taxes for gains over KRW 50 million (US$42,450), whereas crypto financiers would need to begin paying when they reach $2,122 in capital gains, Kim stated. In addition, financiers might rollover stock losses for 5 years however might not rollover crypto losses at all. On top of that, the virtual possessions tax was set to enter into impact a year ahead of the stock gains tax, according to the KBA director.



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