A fourth postponement would extend the timeline for South Korea’s 22% cryptocurrency gains tax, originally scheduled to take effect in January 2022.
South Korea is considering postponing its cryptocurrency gains tax until January 2029, marking the fourth delay to the tax’s introduction. The government intends to consult lawmakers on extending the current January 2027 implementation deadline by another two years.
The proposed tax would impose a combined 22% levy on annual cryptocurrency gains exceeding 2.5 million won (approximately $1,860), comprising 20% income tax and 2% local tax. The Ministry of Finance and Economy cited the planned start of information exchange with the United States…
