South Korean budget office to study virtual asset tax issues

South Korea's National Assembly Budget Office (NABO) has launched a study into the key issues surrounding virtual asset taxation, Digital Asset reported. The move comes ahead of the planned implementation of a capital gains tax on digital assets, which is set to take effect on Jan. 1, 2027, at a rate of 22%, including local taxes. The commissioned research will focus on three main areas: - An analysis of domestic and international regulatory environments and the current taxation status of digital assets. - A study of taxation issues based on the economic, technical, and legal characteristics of digital assets. - A review of taxation standards for non-standard acquisitions and transactions.