The South Korean virtual asset tax delay bill is stalled and may be implemented as scheduled next year

ChainCatcher news, according to Financial News, due to the influence of the political situation in South Korea, the discussions on the repeal of the financial investment tax and the postponement of the virtual asset tax in the Planning and Finance Committee have been delayed, with uncertain prospects for processing.

Although these bills have attracted significant attention from investors and have reached a consensus amid some opposition, the current political situation has hindered their advancement. Financial regulatory authorities have stated that they will continue to promote the relevant bills to minimize the impact of politics on the economy. If the relevant bills cannot be passed in time, the financial investment tax and the virtual asset tax will officially take effect as scheduled on January 1, 2025.