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South Korea to issue virtual-asset tax guidelines before January 1

  • South Korea will issue administrative guidelines for virtual-asset taxation.
  • The National Tax Service is preparing the notice before January 1.
  • Lee Hyung-il holds the titles Deputy Prime Minister and Minister of Economy and Finance.

South Korea will soon publish administrative guidelines setting taxation standards for virtual assets (digital tokens subject to tax rules). The National Tax Service is preparing the notice ahead of the scheduled January 1 implementation, while Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il said the government is moving forward with the framework.

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South Korea to issue virtual-asset tax guidelines before January 1 - CoinPost Terminal