South Korea’s 22% crypto tax stays set for 2027 despite proposed delay

South Korea’s 22% cryptocurrency income tax remains scheduled to begin in January 2027 as officials, including representatives of the country’s Financial Services Commission, prepare to meet five major exchanges on October 20, 2026. A bill introduced on October 16 proposes a delay linked to international transaction-data sharing—a formula that would move the start to 2029 if qualifying exchanges of information begin in 2027. Key takeaways South Korea’s January 2027 crypto tax start remains legally unchanged. The annual basic deduction is 2.5 million won. The proposed postponement depends on international reporting milestones. Tax authorities expect to release guidance around November 2026.

Source: The Cryptonomist