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South Korea to tax offshore US stock perpetual futures profits at 11%

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South Korea's Ministry of Economy and Finance will treat US stock-linked perpetual futures traded on overseas crypto exchanges as overseas equity derivatives and tax profits at 11% from next year, half the 22% rate on overseas spot stocks, after a 2.5m won basic deduction, Maeil Business Newspaper reported.

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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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  1. South Korea to tax offshore US stock perpetual futures profits at 11%

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