Financial authorities “NFT can also be taxed”… Tax authorities “from the establishment of standards”

With the taxation of virtual assets taking effect from next year, the government has taken a stance that some non-fungible tokens (NFTs), which have recently emerged as a trend, may also be taxed. Other types of virtual assets, such as security tokens (STOs) and stablecoins, can also be regulated under the current law. However, as virtual assets are rapidly evolving and trading in various forms, a lot of discussion is needed before determining the specific scope of taxation and regulation.

Reference-www.hani.co.kr

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