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South Korea weighs fourth crypto tax delay to 2029

South Korean officials and lawmakers are considering postponing the country's planned 22% crypto gains tax from January 2027 to 2029, which would mark the fourth postponement of the policy.

Physical Bitcoin commemorative coins resting on a South Korean national flag.
Image: @solidintel_x

South Korea is considering postponing its planned 22% cryptocurrency capital gains tax until 2029, a move that would represent the fourth delay of the levy since 2020. Officially, the tax remains scheduled to take effect in January 2027 with a 22% rate applied after a 2.5 million won deduction, but lawmakers from the ruling Democratic Party have introduced a bill to push back implementation.[3][4][5][6][7]

The proposed legislation ties the start date to international tax data sharing under the Crypto-Asset Reporting Framework (CARF). Lawmakers argue that launching the tax prematurely would disproportionately penalize users of domestic exchanges, as tax authorities cannot monitor transactions on foreign platforms until global data-sharing mechanisms are fully operational.[6][7]

South Korea's presidential office has signaled openness to another delay and confirmed the matter is under review, though it emphasized that no final decision has been reached, according to Seoul Economic Daily. If the bill passes, a tax originally slated for rollout in 2022 will have been deferred by a total of seven years. Crypto Briefing reported that while the potential postponement could bolster investor confidence, it also underscores persistent regulatory and infrastructure hurdles.[1][2][3][6][7]

Key facts

  • South Korea is considering delaying its 22% cryptocurrency gains tax to 2029, which would be the fourth postponement since 2020.
  • The crypto gains tax officially remains scheduled to take effect in January 2027 at a 22% rate after a 2.5 million won deduction.
  • A bill filed by the ruling Democratic Party seeks to push the implementation date back to 2029 by linking it to the rollout of international data sharing under the Crypto-Asset Reporting Framework (CARF).
  • Lawmakers argue domestic exchange users would face an unfair burden because authorities cannot track trades on foreign platforms without international data sharing.
  • South Korea's presidential office is reviewing the proposed postponement and leans toward it, but stated no final decision has been made.
  • If approved, the delay will push back a tax originally due in 2022 by a total of seven years.

Sources 路 7 sources

  1. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: South Korea's presidential office leans toward a fourth delay of its 22% crypto tax | Per Seoul Economic Daily https://t.co/pfXsaBCjAU

    Open source
  2. TW

    The Wolf Of All Streets@scottmelkerPost on X 路

    馃嚢馃嚪 SOUTH KOREA'S PRESIDENTIAL OFFICE MOVES TO DELAY ITS 22% CRYPTO GAINS TAX FOR A FOURTH TIME AS A RULING PARTY BILL WOULD PUSH IT TO 2029

    Open source
  3. CB

    Crypto BriefingArticle 路

    South Korea set to delay crypto gains tax to 2029, marking fourth postponement since 2020 The delay in South Korea's crypto tax may boost investor confidence but highlights ongoing regulatory and infrastructure challenges. The post South Korea set to delay crypto gains tax to 2029, marking fourth postponement since 2020 appeared first on Crypto Briefing .

    Open source
  4. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: South Korea set to delay 22% crypto gains tax until 2029 The proposed tax has now faced its fourth delay since 2020, pushing back plans to tax profits from cryptocurrency investments. https://t.co/InSyKWMyMF

    Open source
  5. WI

    Whale Insider@WhaleInsiderPost on X 路

    JUST IN: 馃嚢馃嚪 South Korea set to delay its 22% crypto gains tax to 2029, the fourth delay since 2020. https://t.co/JoyjEbvZHw

    Open source
  6. CB

    Coin Bureau@coinbureauPost on X 路

    馃嚢馃嚪JUST IN: South Korea could DELAY its 22% crypto tax for the FOURTH time, likely to 2029. A bill from the ruling Democratic Party would push the start date back from January 2027. It says Korean exchange users would be hit hardest, since authorities can't see trades on foreign platforms until global crypto tax data sharing starts. Officially, the tax still starts in January 2027, and the presidential office said today a delay is under review but nothing has been decided. If it passes, a tax first due in 2022 will have been pushed back SEVEN years.

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  7. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃SOUTH KOREA LEANS TOWARD DELAYING 22% CRYPTO TAX TO 2029! The crypto gains tax is still officially set for January 2027 at 22% after a 2.5M won deduction. It has already been delayed three times. The ruling Democratic Party filed a bill that would push the start to 2029 by tying it to international data sharing under CARF. Lawmakers say authorities can鈥檛 properly track overseas trades until then. The presidential office has signaled it is open to another delay. No final decision yet.

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