Petition to Postpone South Korea's Virtual Asset Tax Reaches 50,000-Signature Threshold, Will Be Submitted to Standing Committee
Source：
www.digitalasset.works
According to Digitalasset, information from the South Korean National Assembly's electronic petition system indicates that a petition to defer virtual asset taxation by two years has obtained 50,764 signatures, reaching the threshold to be submitted to the relevant standing committee for review. The petition contends that implementing digital asset taxation could lead to a decline in exchange revenue, which would further impact corporate tax revenue, and therefore recommends a two-year deferral.
