South Korea Crypto Tax Deadline in Doubt Over US Data Gap

TLDR South Korea is considering postponing its cryptocurrency gains tax until January 2029. The planned 22% tax applies to annual crypto gains exceeding 2.5 million won. Delayed access to US trading records remains a major concern for tax authorities. Democratic Party lawmaker Park Min-gyu has proposed another two-year postponement. Lawmakers could settle the issue during tax law discussions in November or December 2026. South Korea may delay its planned tax on cryptocurrency profits until 2029, marking a fourth postponement if approved. The presidential office is discussing the proposal with government agencies, according to local reports . The levy is currently due to begin on January 1, 2027. Why South Korea Faces Another Delay The tax would apply a 22% rate to annual crypto gains above 2.5 million won.

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