South Korea
Block Media
National Tax Service to Finalize Crypto Taxation Rules on the 30th Amid Controversy Over Overseas Transactions
- The NTS is set to confirm detailed notices for the digital asset taxation plan by October 30, ahead of the scheduled January implementation.
- At the National Assembly's Strategy and Finance Committee audit on October 22, Committee Chair Cho Seung-rae raised issues based on data submitted by the NTS.
- Key concerns include unclear rules for new transaction types like staking and airdrops, limited access to overseas exchange data, and a shortage of time to test the tax system.