PANews|Sep 07, 2026 01:19
[South Korea's Virtual Asset Taxation Delay Petition Gains Over 32,000 Signatures, Just 18,000 Short of Parliamentary Review Threshold]
According to Korean media reports, a parliamentary petition calling for a two-year delay in virtual asset taxation has garnered over 32,000 signatures. The legal threshold for a parliamentary petition is 50,000 signatures. If an additional 18,000 signatures are collected by September 20, the petition will be submitted to the relevant standing committee. The petition argues that delaying the implementation of the digital asset tax by two years is necessary, as enforcing the tax could significantly reduce foreign exchange income, which in turn could lead to a substantial decline in corporate tax revenue.
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