Parliament petition for 2-year crypto tax delay surpasses 40000 signatures

A parliamentary petition for a two-year delay on taxation of virtual assets has garnered 40336 signatures, achieving 81% of the 50000 signature threshold required by the National Assembly. If it reaches the quorum by September 20, the petition will be forwarded to a relevant standing committee. The petition claims that implementing the tax could significantly decrease exchange revenue and subsequently reduce corporate tax receipts. A separate petition to abolish the tax entirely was referred to a standing committee after exceeding 50000 signatures in May. The government aims to implement the tax as planned in January 2027, while the People Power Party opposes it, citing insufficient infrastructure.

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