South Korea's Ministry of Economy and Finance has finalized its 2026 tax revision plan, confirming that the long-planned cryptocurrency investment income tax will take effect on Jan. 1, 2027, with no further postponement. Under the finalized scheme, annual gains exceeding KRW 2.5 million (around $1,740) will be taxed at 22%, and the first tax filing is set for May 2028. The ministry also pointed to the OECD's Crypto-Asset Reporting Framework (CARF), which it said will allow South Korea to receive overseas transaction data from 48 participating jurisdictions starting in 2027, including Japan, Germany and France. While the government has made its timetable clear, the measure could still be revised or delayed by the National Assembly. Opposition lawmakers, meanwhile, continue to push for scrapping the crypto tax altogether. Techub News first reported the development, citing crypto.news.
South Korea's Ministry of Economy and Finance has finalized its 2026 tax revision package, confirming that the planned cryptocurrency investment income tax will not be postponed again. The levy is set to take effect on Jan. 1, 2027.
Under the finalized rules, annual gains exceeding KRW 2.5 million (about $1,740) will be taxed at 22%. The first tax filing is scheduled for May 2028.
The ministry also cited the OECD's Crypto-Asset Reporting Framework (CARF), saying it will enable South Korea to receive overseas transaction data from 48 participating jurisdictions from 2027, including Japan, Germany and France.
Still, the measure is not fully settled. The National Assembly could amend or delay the tax, and opposition lawmakers continue to push for its removal.
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