Kim Byung Wook Virtual asset taxation lack of preparation... 1 year grace
The National Assembly Policy Committee is a secretary of the Democratic Virtual Assets Task Force (TF) Team Kansa Kim Byung Wook, a member of Kim Byung Wook, he said. Kim said, We must go to the shares for one year, and go with the stock market (transfer income tax) policy for a year, In accordance with the revision of the 2020 tax law, the government will be taxed as 20% over 250,000 won for more than 2500,000 positive profits by classifying virtual assets as other income on January 1 next year. For stock trading, transfer income taxes are imposed on transactionary profits from 2023 to more than 50 million won. Compared to the stock trading, virtual asset trading taxation is also a tightening period and basic deductions, and the basic deductions were written steadily since the release of revision. On this day, Kim emphasized that the virtual asset taxation is needed to have yet to be prepared and has not been able to do so. Kim said, I agree basically to the tax principle that...