South Korea’s Opposition Party Introduced Bill to Abolish Crypto Capital Gains Tax
South Korea’s main opposition party, the People Power Party (PPP), has recently introduced a bill to abolish the planned cryptocurrency capital gains tax. This tax, often referred to as a 20% rate; technically 20% national income tax plus 2% local surcharge, totaling up to 22%, targets annual gains exceeding 2.5 million Korean won roughly $1,665–$1,900 [...] The post South Korea’s Opposition Party Introduced Bill to Abolish Crypto Capital Gains Tax appeared first on Tekedia .
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