Official announcement from the South Korean Ministry of Finance or the South Korean government's official website

South Korea Considers Three-Year Delay on Crypto Tax to 2028

Jul 15, 2024, 05:01 AM

The South Korean government and ruling party are considering delaying the taxation of cryptocurrency investment gains from January 2025 to January 2028. The Ministry of Finance has not made a final decision and expects to release next year's tax law amendments later. The proposed delay of three years comes after the local crypto community raised concerns about the controversial 20% crypto tax.