POPA ReconCoin Taxation Postponed, July Tax Law Enactment Exempted...Taxing Source
Coin Taxation Postponed, July Tax Law Enactment Exempted...Taxing Source The government has no longer suspended taxation on virtual assets, but has set the stage for Enforcement from January 1, 2027 and plans to formalize it in a tax code amendment in July. Virtual asset transfer and rental income is classified as Other income, and 22% tax will be imposed on the annual revenue of 2.5 million won. However, due to the equity with the abolition of the financial investment tax, the absence of a loss carryover deduction, and the blank issue of overseas transaction information, postponed or aboli…
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