In addition, the Democratic Party decided to review whether or not to defer taxation of gains on the transfer of cryptocurrency.
Democratic Party member Employed Employment-Jin, a secretary of the ruling party of the National Assembly’s Planning and Finance Committee, said, “I will hear whether it is right to delay that further,” regarding the timing of the cryptocurrency taxation, after meeting with reporters after completing the Democratic Party’s general meeting held at the National Assembly Assembly Hall on the 28th.
Rep. Ko said, “(Cryptocurrency) taxation part was not long since we processed the bill. The opposition parties decided to do it.” The tax time) was set to January 2022.”
The Ministry of Strategy and Finance decided to impose a tax of 20% of the gains on the transfer from October this year through an amendment to the tax law last year, when income from transactions of virtual assets (cryptocurrency) exceeds 2.5 million won per year. However, in the course of discussions at the National Assembly, it was decided to postpone the taxation for three months for reasons such as infrastructure expansion, starting from January next year.
Rep. Ko said, “At that time, there was an opinion to postpone more (taxation), but it was because of the preparation situation. It is not because of the same issue now. Are you taxing without accepting (cryptocurrency)? He said, “I’ll listen to (opposite) opinions.”
As claims to delay the taxation period have been raised in the party, it will be reviewed at the level of the standing committee. Earlier, Democratic Party lawmaker Roh Woong-rae said, “The taxation next year is too early for next year” regarding the cryptocurrency taxation the day before (27th). He argued that it is reasonable to expand related infrastructure by 2023, the time of taxation, and to supplement and implement more sophisticated systems for bypass avoidance measures.”
It is known that the Democratic Party lawmakers belonging to the Gyeonggi Committee shared their opinions on the real estate tax adjustment plan discussed at the Party Real Estate Special Committee. In recent years, there have been raised concerns about individual lawmakers proposing real estate tax adjustment plans in the party, Mr. Ko said.
“The common opinion of the lawmakers is that the talks of individual lawmakers are moving ahead.” When individual lawmakers talk about everything, it only incites confusion.”
He drew a line that “the opinions of the lawmakers are all different” when an opinion comes out to discuss and conclude the adjustment of the comprehensive real estate tax payment standard within the party until November, when the tax is imposed. In addition, he dismissed the plan to reduce the tax benefits for rental business operators, saying, “Some lawmakers are insisting.”
