South Korean government plans to strengthen taxation of crypto assets

According to Yonhap News Agency, the South Korean government will publish the “2020 Tax Law Amendment” on July 22. The amendment discloses some tax restructuring plans, such as publicly revising the value-added tax, restructuring the personal integrated asset management account (ISA) system, strengthening the taxation of encrypted assets, improving the tax system related to cigarettes and other tax systems involving various parts of national life. Adapt the plan.