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South Korea Eyes Fourth Delay to 22% Crypto Tax, Targets 2029

South Korea Eyes Fourth Delay to 22% Crypto Tax, Targets 2029

  • An official at South Korea’s presidential office said Sunday that a planned 22% tax on cryptocurrency gains, set to start in January 2027, is being discussed for delay, which would mark its fourth postponement since the tax was written into law in 2020.

  • Democratic Party lawmaker Park Min-gyu introduced a bill Oct. 16, with 13 co-sponsors, that would push the tax’s start to January 2029, matching when he has said the US is due to begin sharing crypto transaction data under an OECD framework.

  • South Korea’s government expects to make a final call after National Assembly tax-reform talks begin in November, with a decision likely by late November or early December.

South Korea’s presidential office said Sunday that a delay is being…

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