South Korea wants to delay its 22% crypto tax again and give investors a new break on losses
Summary
South Korea’s government plans to seek a two-year postponement of crypto income taxation, targeting a Jan. 1, 2029 start, and proposes allowing losses to offset gains for three years. The change requires legislation; current rules still schedule taxation to begin in January 2027. The government cites preparation for crypto transaction-information exchanges with the United States and forthcoming digital-asset legislation. Under the existing framework, residents pay a 20% national tax rate on qualifying net income after costs and a 2.5 million won annual deduction, with local tax bringing the combined rate to 22%.
