South Korea’s Ministry of Economy and Finance has finalized its 2026 tax revision proposal without including a clause to delay taxation on virtual assets. If passed by the National Assembly, gains from virtual asset trading above 2.5 million won will be taxed at a 22% rate starting next year. The first filing is scheduled for May 2028. The tax plan had already been postponed three times before this latest proposal. Meanwhile, the opposition party has submitted a bill seeking to abolish the tax. The latest draft shows that the government is keeping the existing taxation framework in place rather than pushing it back again, leaving the final outcome to the parliamentary process.
South Korea’s Ministry of Economy and Finance has finalized its 2026 tax revision proposal, and the draft does not include a clause to delay taxation on virtual assets.
If approved by the National Assembly, gains from virtual asset trading above 2.5 million won will be taxed at 22% starting next year. The first tax filing is scheduled for May 2028.
The tax had previously been postponed three times. The opposition party has also submitted a bill seeking to abolish it.
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