South Korea Lacks Tax Rules for Staking, DeFi and Airdrops Two Months Before Launch
- —Tax service says taxability hinges on whether a transaction is a transfer or a loan
- —No legal definition of a loan and no detailed rules for DeFi transactions
- —Timing of staking rewards and cost basis for airdrops remain undecided
- —Experts warn of double taxation and missed taxable income
Why it matters: Unclear rules risk inconsistent treatment of the same trade by exchanges and tax agents, and disputes with the tax service once the regime starts.
Source: Blockmedia