South Korea
Block Media
[Crypto Tax Controversy Part 3] Domestic Coin Profits Taxed, Overseas Futures Exempt... Tax Fairness Debate
- Digital asset taxation is scheduled to take effect in January next year, taxing profits from trading on domestic exchanges.
- Profits from perpetual futures trading on overseas exchanges are excluded from taxation, raising concerns about an uneven tax burden between domestic and overseas trading.
- Unresolved issues with the basic deduction and loss carryforward deduction have fueled industry calls for postponing implementation of the tax.