🇰🇷 South Korea sets date for crypto tax! 📉
The Ministry of Economy and Finance has confirmed: taxation on gains from digital assets will officially start in January 2027. 🗓️
Check out the key points:
💰 22% tax rate: comprising 20% income tax + 2% local tax.
📊 Exemption Limit: annual profits above 2.5 million won (~$1,800) will be taxed.
⚖️ Legal Status: gains will be classified as "other income".
🤖 Oversight: the government will invest in AI systems to track transactions and prevent evasion.
This measure is set to impact over 13 million investors in the country. After successive delays, it seems the timeline is finally locked in! 🛡️
What do you think about this regulation? Does the 2027 deadline help the market prepare or discourage investors? 👇
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