THE BLOCK · 2026-11-04 02:51 UTC

South Korea's ruling party formally proposes deferral of crypto income tax

South Korea's ruling party leader formally proposed delaying the crypto income tax scheduled for Jan. 1, 2027, citing need to first enact a comprehensive Digital Asset Basic Act. The 22% tax on crypto gains above 2.5 million won would mark the fourth postponement since the levy was first legislated in 2020. The ruling party said it would set a clear deferral period while preparing prerequisites including overseas transaction information systems and taxpayer guidance.

Loading the story on Tree News…