Seoul:The ruling and opposition parties have tentatively agreed to introduce taxes on digital assets in 2029, according to a ruling party lawmaker. This agreement comes as the government aims to postpone these taxes by two years.
According to Yonhap News Agency, Rep. Oh Gi-hyoung of the ruling Democratic Party announced that a subcommittee of the National Assembly's finance and economy committee, including members from the main opposition People Power Party, has reached a consensus on delaying the taxation of digital assets.
Rep. Oh mentioned that the parliamentary subcommittee has discussed procedural matters related to the government's plan, indicating that the relevant bill could soon be approved. This follows a statement from Finance Minister Lee Hyoung-il, who noted that the government plans to delay the implementation of digital asset taxes from 2027 to 2029.