No Bitcoin taxes… Virtual asset taxation is set back by 2 years

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Bitcoin does not exceed taxes…virtual assets
Taxation goes back 2 years
Entered 2024.12.01. 8.23pm
Modified 2024.12.01. 8.42pm
Original text of article
Reporter Park So-hee
19
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Coin taxation delayed again
mBC
news desk
[News Desk]
Uncle

The Democratic Party of Korea agrees to the ruling party’s plan to defer taxation for two years.
They announced that they will pass it at the plenary session tomorrow.
[Park Chan-dae/ Democratic Party floor leader]
“The part related to virtual asset (taxation) deferment has been discussed in depth.”
I think it is time for additional institutional overhaul.
west .
Backlash and taxation from 8 million virtual asset investors
It appears that concerns about system inadequacies have been reflected.
The President’s Office and the ruling party will be of great help to investors.
We welcomed it immediately.
[Han Dong-bun / People Power Party representative]
“(Taxation of virtual assets) is a ladder to young people’s asset formation.
The result of cutting it off is hot. (The postponement) is based on public sentiment.
Well, I think there is no politics if you don’t win the public opinion.
Income earned through virtual assets without virtual asset taxation
For the first time in 2020, the Ministry of Strategy and Finance said it would levy taxes.
It is being introduced in 202] and 2022 due to lack of preparation.
This is the third time I have postponed it.
There are still ways to keep track of overseas transaction details and report income.
There is no computerized system to do it.
[Hang Se-woon/Research Fellow, Korea Capital Market Institute]
“”Tracking how much income is generated during the transaction process
The most important part is setting up a system that can do it.
You have to get angry.
However, even if a perfect system is not in place, the taxation framework
There is also a half-marriage that says you just have to improve it as you go along.
In the United States and the United Kingdom, the profits from the transfer of virtual assets are divided into real estate, stocks, and
Classified in the same way as income generated by disposing of the same assets
After charging taxes, Japan has a different source of income from virtual assets.
It is a comprehensive price combined with special benefits.