Political parties tentatively agree on taxes on digital assets in 2029
The ruling and opposition parties have tentatively agreed on introducing taxes on digital assets in 2029, a ruling party lawmaker said Wednesday, as the government seeks to delay such taxes by two years. Rep. Oh Gi-hyoung of the ruling Democratic Party of Korea told reporters that a subcommittee of the National Assembly's finance and economy committee that includes lawmakers from the main…
The ruling and opposition parties in South Korea have reached a tentative agreement to introduce taxes on digital assets in 2029, according to a lawmaker from the ruling Democratic Party of Korea. Finance Minister Lee Hyoung-il had previously stated that the government intended to delay the planned tax on digital assets by two years, shifting the implementation from 2027 to 2029.
Rep. Oh Gi-hyoung, a member of the ruling party, revealed that a subcommittee within the National Assembly's finance and economy committee, comprising lawmakers from both major opposition parties, has agreed on the proposed tax delay. While the specifics of the parliamentary subcommittee's discussions remain undisclosed, Oh suggested that the relevant bill could be approved soon.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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