Південна Корея відкладає регуляторну базу оподаткування криптографії: звіт

South Korea delays crypto taxation regulatory framework and the Democratic Party of Korea intends to delay the policy of digital assets so let’s read more today in our останні крипто-новини.

The ruling Democratic Party of South Korea aims to delay the upcomign taxation policy of the digital assets and as per the officials, taxing bitcoin and altcoin investors still don’t have proper infrastructure. The Democratic party of South Korea had plenty of objections in regards to the upcoming law which plans to start taxing gains made from crypto investments. As per the звіти, they have even passed a new bill that could suspend the legislation which should go into effect in 2022.

The 64-year old member of the Ruling Democratic Party Noh Woong-Rae said that the Asian country doesn’t have a plan to implement the new taxing procedure and delaying the initiative seems inevitable:

"У ситуації, коли відповідна інфраструктура оподаткування недостатньо підготовлена, відстрочення оподаткування віртуальних активів більше не є варіантом, а неминучою ситуацією".

Woong-are added that the Ministry of Finance policy of enforcing taxation over digital asset endeavors will not work as planned. He explained that it is hard to secure the proper taxing of the operations overseas with cryptos or peer-to-peer transactions. With that being said, the politicians said that the Democratic Party will attempt to settle the issue and brings it up to the highest governing body of the nation which is the National Assembly:

«Оскільки відповідні закони про відстрочку сплати податків і реальне зниження податків зараз перебувають на розгляді в постійному комітеті, ми будемо активно переконувати колег-законодавців, щоб вони могли бути розглянуті на черговій Національній асамблеї».

South Korea’s Finance Minister Hong Nam-Ki seemed determined to impose the new law from the start of this year and he even predicted that this move is only a matter of when:

«Це неминуче; нам потрібно буде обкласти податками прибуток від торгівлі віртуальними активами».

South Korea delays the crypto taxation law while the country’s authorities had their own doubts about the upcoming taxation of crypto assets. As per the reports, nearly 54% of them approve South Korea’s plans to slam a 20% tax on gains made from digital asset trading and 38% were against it.

Source: https://www.dcforecasts.com/regulation/south-korea-delays-crypto-taxation-regulatory-framework-report/