South Korea's National Assembly approved the 2024 Tax Law Amendment Bill on 10 December 2024. Some of the main measures include:
- The capital gains tax on cryptocurrency (virtual asset) transactions is deferred to 1 January 2027 (was to apply from 1 January 2025), which includes a rate of 10% on the transfer price or 20% of the net gain plus 10% local income tax resulting in rates of 11% or 22%;
- The financial investment income tax on capital gains derived by individuals from listed securities…