South Koreans will now wait two more years before a 20% tax on crypto earnings will be implemented.
According to the tax reform plan, reviewed by CoinDesk, taxation on income from virtual assets as well as income from the"transfer or lending of virtual assets" will be delayed to 2025.
The initial plans to levy an additional 20% tax on crypto gains exceeding KRW 2.5 million in a one-year period, remain unchanged.that the planned taxes might unfairly target smaller crypto investors, as the threshold for taxing capital gains from investment in the local stock market is considerably higher.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rams Unveil SoFi Stadium-Inspired, 20-Carat Weight Super Bowl LVI RingWell, the Los Angeles Rams went all out on the ring design, which was officially unveiled during a ring ceremony in front of players, coaches and staff on Thursday.
Read more »
Michigan zoo welcomes baby bintlets for first time in over 20 yearsAccording to the zoo, bintlets are born with their eyes sealed and remain hidden in the mother’s thick fur for a few days.
Read more »
2 arrested on suspicion of murder after 20-year-old killed near LafayetteTwo men were arrested on suspicion of murder after a 20-year-old was killed near Lafayette.
Read more »
Police, family of slain 20-year-old seek clues in park shootingPrince George’s County police and the family of slain 20-year-old Jason Faison are seeking help from the community to bring his killer to justice.
Read more »
Ryan Reynolds Hosts a ‘Van Wilder’ 20 Year College Reunion via TikTokCheck out stars, from shows and movies like 'That '70s Show' and 'Full House,' who have come together years after they took their last bows together!
Read more »
20% of people earning $250,000 per year live paycheck-to-paycheckA larger share of higher-income Americans spend more money than they bring in compared to those who earn less, study finds.
Read more »