South Korea Sets 2027 Deadline for Crypto Tax Implementation

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-08 09:08:02

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South Korea's National Tax Service has finalized plans to impose a 22% tax on virtual asset profits starting January 1, 2027. The decision follows two postponements from the original 2025 deadline due to political gridlock and operational challenges.

The tax framework treats crypto gains as 'other income' under the Income Tax Act, applying a 20% national tax plus 2% local levy. Notably, the policy exempts traders with annual gains below ₩2.5 million ($1,800).

With 13.26 million domestic crypto traders affected, the move signals regulatory maturation in Asia's most active retail crypto market. Authorities are now drafting guidelines for cross-border transactions involving Korean residents.

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