Korea’s tax authority plans to launch a system to control digital assets

Home / Korea’s tax authority plans to launch a system to control digital assets

South Korea’s National Tax Service plans to launch a digital asset control system to prevent tax evasion.

The service is expected to be launched by 2025. It will make it easier to analyze and manage users’ transaction information on trading platforms.

A tax on profits from digital assets will also come into effect in 2025.

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