Official government publication or announcement

South Korea Considers Delaying 20% Crypto Taxation by Three Years to 2028

Jul 15, 2024, 05:11 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 comes after concerns were raised by the local crypto community regarding the controversial 20% crypto tax. The delay would extend the tax-free period by three years. South Korea is one of the most active and important crypto markets in the world.