“Establishment of a system for imposing capital gains tax such as bitcoin…Review of a reduction in the late payment tax rate”
Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, said on the 3rd, “We will thoroughly tax anomalous real estate tax evasion and sophisticate the big data analysis system to respond strongly to malicious arrears.”
Deputy Prime Minister Hong said this at the taxpayer’s day training ceremony held at the Bank Center in Jung-gu, Seoul.
He said, “For fair taxation, we will strictly respond to unfair tax evasion and reduce the taxation blind spot,” he said. “Since the imposition of capital gains tax on virtual assets such as bitcoin will begin from next year, we will make thorough preparations such as building a related system.” .
He said, “We will also consider a plan to reduce the additional tax rate for delayed payments to an appropriate level so that the burden on taxpayers can be alleviated in consideration of trends in market interest rates, etc.”
Due to the nature of sanctions against non-compliance with payment obligations, the penalty tax rate for late payments is set somewhat higher at 9.125% per annum.
Deputy Prime Minister Hong also said, “Since a final agreement on the discussion of the Organization for Economic Cooperation and Development (OECD) digital tax will be reached during this year, we will actively respond to international discussions to secure national interests, such as preventing and minimizing the leakage of domestic taxation rights to other countries.”
“In order to reduce the social disparity deepened by Corona 19, we will strengthen taxation and cleaning support for those who need policy consideration, such as farmers, fishermen, and small and medium-sized enterprises.” We will also actively improve the timeliness of grasping.”
Deputy Prime Minister Hong said, “New credit card additional income deduction for consumption increase this year, and expansion of tax deduction for good landlords passed the extraordinary National Assembly in February. For the back, it emphasized all-out support in terms of taxation.
On this day, Deputy Prime Minister Hong directly handed over the awards, packaging and the tower of high tax payment to 25 winners.
/yunhap news
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