PANews reported on December 9 that according to Financial News, due to the political situation in the South Korean National Assembly, the discussion of the Financial Investment Tax Repeal and Virtual Asset Tax Extension bills in the Planning and Finance Committee was postponed, and the prospects for handling are unclear. Although these bills have attracted much attention from investors and have reached a consensus among some opposing voices, the current political situation has hindered their advancement. The financial regulatory authorities said that they will continue to promote 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 Virtual Asset Tax will be officially implemented as planned on January 1, 2025.
South Korea's virtual asset tax extension bill is blocked and may be implemented as scheduled next year
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