Investors can now carry forward losses for three years as the government seeks to ease tax burdens.
The South Korean government has announced a proposal to postpone the introduction of a 22% tax on cryptocurrency gains until 2029. This marks the fourth delay of the tax, which was initially set to take effect earlier. In conjunction with this delay, the government will permit investors to carry forward losses for a period of three years, potentially alleviating some financial strain on crypto traders.
Reporting based on public statements, filings, and reporting gathered from multiple sources.
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