The present disclosure relates to a pre-5th-Generation (5G) or 5G communication system to be provided for supporting higher data rates Beyond 4th-Generation (4G) communication system such as Long Term Evolution (LTE). A method of decoding a reception signal having an interference signal included therein by User Equipment (UE) in a wireless communication system is provided. The method includes receiving the reception signal having the interference signal included therein, identifying at least one of transmission parameters for the interference signal, identifying a modulation scheme of the interference signal and reception strength of the interference signal using the identified transmission parameter, removing the interference signal from the reception signal based on the identified modulation scheme and the identified reception strength of the interference signal, and decoding the reception signal from which the interference signal is removed.