Acting President Han Duck-soo to Announce Tax Law Amendments Including Virtual Asset Tax Deferral Today

Acting President and Prime Minister Han Duck-soo is set to announce tax law amendments today, which include a deferral of virtual asset (cryptocurrency) taxation.

On the 24th, Acting President Han stated in his opening remarks at the National Assembly that the tax law amendments to be announced at today's National Assembly include the abolition of the financial investment income tax and a two-year deferral of virtual asset taxation.

Additionally, tax law amendments aimed at promoting corporate investment and employment, such as raising the income deduction limit for the Yellow Umbrella Deduction and extending the deadline for Research and Development (R&D) and integrated investment tax credits, are also planned to be announced.