Petition urges postponement of 22% crypto tax rollout
Petition to Postpone and Reconsider Virtual Asset Taxation
1) Discrimination against stocks
The government supported the stock market using even the National Pension and scrapped the Financial Investment Income Tax, yet it is pushing ahead with a 22% tax on crypto while ignoring crash losses → suspected forced migration of investors.
2) Unreasonable framework
No loss carryforward; acquisition cost is hard to prove (if unproven, 50% of sale proceeds are deemed profit); low deduction cap; no standards for staking and airdrops. The National Assembly Research Service has also warned of potential disputes.
3) Opposing a rushed rollout
The infrastructure is inadequate, yet the approach is “implement first, fix later.” This runs counter to overseas trends (expanding loss deductions). We demand a postponement and a full reconsideration.
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