South Korea's Ruling Party Files Bill to Delay Crypto Tax to 2029
- —Amendment to the Income Tax Act filed on 15 October
- —Tax start date reset to 1 January of the second year after passage
- —Delay amounts to two years, pushing the tax to 2029
- —Filed by Rep. Park Min-kyu of the ruling Democratic Party
Why it matters: Another delay eases the tax burden on Korean crypto investors and postpones institutional changes for the market.
Source: Coinotag