South Korea Crypto Tax Delay Could Boost Bitcoin Adoption Until 2029
Summary
South Korea’s government plans to ask lawmakers to delay cryptocurrency gains taxation from January 2027 to January 2029. The proposal would give officials time to improve tax-reporting systems, investor protections and digital-asset legislation. Authorities are also considering a three-year loss carryforward and plan to form a public-private group to develop tax standards. The National Assembly must approve the delay. The revised timeline would coincide with planned crypto tax-information exchange with the United States starting in 2029. The change would postpone, not eliminate, the tax, which under the existing framework applies at a combined 22% rate to annual gains above 2.5 million won.
