South Korea May Suspend Crypto Tax Again: 2029 Now the Leading Target Date

South Korea is likely to postpone its crypto income tax for a fourth time, as Newsis reported on October 26, after an official from the presidential office, also known as the Blue House, confirmed that a delay is under discussion. January 2029, when the United States is due to join the OECD’s crypto information-sharing network, is the most probable new start date. Blue House Points to Missing US Data “Taxation of virtual assets is being discussed with a view to delaying implementation,” a Blue House official stated on October 25. Lawmakers and the government are expected to amend the Income Tax Act during the tax law reform debate that begins in November, with consultations with relevant organizations starting as early as October 26.

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