South Korea considers fourth delay on its crypto gains tax, pushing it to 2029
Summary
South Korea is considering delaying its 20% cryptocurrency gains tax, currently scheduled to begin in 2027, until 2029. Officials reportedly worry that the tax would fall unevenly on users of domestic exchanges because the country cannot readily obtain data on U.S.-platform trading. The U.S. is not due to begin exchanging crypto tax data under the OECD’s reporting framework until 2029, while South Korea and several other countries start in 2027. A ruling-party lawmaker has proposed the 2029 start date. The tax, first planned for 2022, requires a parliamentary law change to be delayed again.
