South Korea Postpones Crypto Tax Law Again, Targeting 2027
TLDR
- South Korea has delayed the implementation of its crypto tax laws for the fourth time, now targeting January 2027.
- The country’s crypto tax framework faces significant gaps including unclear definitions for various types of virtual asset income.
- Many transactions, especially on overseas exchanges, remain difficult for the government to track, leading to potential tax evasion.
- South Korea recently joined the OECD’s Crypto-Asset Reporting Framework to improve tax enforcement on international crypto transactions.
- Despite the delays, the South Korean government aims to eventually enforce comprehensive crypto tax laws once the structural issues are resolved.
South Korea’s government has postponed the implementation…
