🇰🇷🤔 South Korea is considering scrapping the planned 22% tax on cryptocurrencies.
This is one of the fiercest political and fiscal battles within the crypto ecosystem in Asia. There’s a direct clash of positions between the government and lawmakers, which I’ll break down below:
### What’s the current situation?
The official plan from South Korea's Ministry of Economy and Finance outlines that the current grace period ends on **December 31, 2026**. If there are no further changes, the tax would come into effect on **January 1, 2027**:
* **The rate:** A total of **22%** (20% national tax + 2% local tax).
* **The tax-free threshold:** Only annual gains exceeding **2.5 million won** (approximately $1,660 USD) would be subject to taxation. Gains below this amount would be tax-free.
Despite the Ministry of Finance reaffirming its intention to proceed with this framework and even developing AI systems for tracking transactions ahead of 2027, the pressure to completely scrap the law is massive.
The total abolition proposal
The ruling party (People Power Party) has formally introduced a bill to **completely abolish** this tax plan before it takes effect.
The main arguments from those seeking to eliminate it are based on **market fairness**: South Korea previously removed the general tax on income from financial investments (like traditional stocks). Therefore, lawmakers and investor groups argue that it is extremely unfair and discriminatory to maintain a tax burden exclusive to users of digital assets.
#criptonews #CoreaDelSur #Asia #Inversiones #ACCIONES $ETH