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<ul class="wp-block-list news-points">
 <li>South Korea delays decision on virtual asset taxation after a tax subcommittee meeting.&nbsp;&nbsp;</li>
 <li>Key issues include tax deferrals, reporting obligations, and exemption amounts.&nbsp;&nbsp;</li>
 <li>Ruling and opposition parties clash over postponing crypto taxation policies.&nbsp;</li>
</ul>
South Korea’s parliament has<a href="https://coinness.com/en/news/35713" target="_blank" rel="noopener noreferrer nofollow"> decided to postpone</a> its decision on crypto asset taxation with key issues like tax scope and exemptions. In the meeting held on Nov 19, the committee cited the need to prioritize other agenda items. The controversial move sparked debate between the ruling party and the opposition.
The National Assembly Strategy and Finance Committee held a tax subcommittee meeting on November 19 on virtual asset taxation. However, the committee opted to delay addressing the taxation policy. Amid growing pressure to finalize a crypto tax policy, the ruling party has sought to delay implementation, a move opposed by the opposition.
South Korea’s political arena has heated up as lawmakers debate several issues related to crypto taxation, including the tax deferral timeline, asset valuation, reporting requirements, and basic tax exemption. The tax subcommittee will resume discussions next week.
<h2 class="wp-block-heading" id="h-south-korea-s-crypto-stance">So…</h2>
The post <a href="https://coinedition.com/south-koreas-crypto-tax-decision-postponed-uncertainty-looms/" rel="noopener noreferrer nofollow">South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms

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