South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing

Bitcoin Magazine South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing South Korea’s presidential office is reviewing a fourth postponement of the country’s 22% tax on crypto gains, with a 2029 start date gaining support among lawmakers and industry groups. The tax is scheduled to take effect January 1, 2027. The presidential office said it is in talks with government agencies about a delay, citing gaps in the regulatory framework and the problem of treating domestic and overseas trades the same way, according to Newsis reporting. The levy dates to a 2020 amendment to the Income Tax Act.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.