South Korea's Ministry of Economy and Finance will work with the National Assembly to delay taxing virtual asset income by two years, to 2029 from 2027, citing planned information sharing with the US from 2029 and expected regulatory changes. It also plans a loss carryforward deduction and a public-private working group.
South Korea to seek two-year delay to crypto income tax, pushing start to 2029
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The story so far: South Korea crypto tax debate
South Korea has been debating a delay to cryptocurrency income taxation, with the government formally seeking a two-year delay to the digital asset income tax due to start in 2027 at 22%. The government now plans to delay crypto taxation to 2029 and let investors carry losses forward through 2032, pending parliament…
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South Korea to seek two-year delay to crypto income tax, pushing start to 2029
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