South Korea will tax cryptocurrency gains starting January 1, 2027, at a rate of 22% on profits above 2.5 million won.
The new tax rules will impact around 13.26 million investors, who will be required to report their trading and lending profits under existing income rules.
Regulators are working with major exchanges to implement reporting systems and tighten compliance rules, including full verification of senders and receivers for all transactions.
South Korea has confirmed it will begin taxing cryptocurrency gains from January 1, 2027, setting a firm start date for one of its most closely watched financial policy moves. The Ministry of Finance and Economy announced the timeline at a policy forum in Seoul, saying the government will…
