National Tax Service Commissioner Lim Kwang-hyun: "Virtual Asset Taxation Notice to Be Prepared Next Month"

Regarding the taxation of virtual assets scheduled to take effect starting January of next year, the National Tax Service (NTS) stated that it is preparing a notice containing taxation standards for next month.

During a parliamentary audit today (the 13th), National Tax Service Commissioner Lim Kwang-hyun addressed criticisms that tax standards for each type of virtual asset transaction remain unclear, stating, "If there is the nature of a transfer or lending, it should be viewed as subject to taxation." He added, "Some transactions, such as staking, require consultation with the Ministry of Economy and Finance, and we are also continuously consulting with exchanges."
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