- The government said it will implement crypto taxation as scheduled from Jan. 1, 2026.
- Income from virtual-asset trading will be classified as other income, with tax thresholds and detailed procedures to be set through a notice from the National Tax Service.
- A 20%% tax rate, or 22%% including local income tax, will apply to annual crypto gains exceeding 2.5 million won.
Forecast Trend Report by Period
South Korea will proceed with taxation on virtual assets, or cryptocurrencies, from Jan. 1, 2026, as scheduled.
Asia Economy reported on May 11 that fiscal authorities have internally decided not to include a plan to delay virtual-asset taxation in a tax law revision bill due in…
