South Korea’s Ruling Party Seeks More Views on Crypto Tax Delay

South Korea’s ruling party will seek more internal views on delaying a 22% tax on virtual-asset income before deciding its position, leaving the measure’s scheduled January 2027 start conditional on another postponement. The ruling party’s floor spokesperson said Tuesday that the party had not taken a position. The party’s policy committee chair conveyed a range of views, including another delay. A lawmaker argued that the tax should begin after the Digital Asset Basic Act is enacted. The discussion concerns South Korea’s 2027 crypto tax timetable . If the tax is not postponed again, it is scheduled to begin in January 2027. Annual income from virtual-asset transfers and rentals would qualify for a 2.5 million won basic deduction, with other income tax and local income tax combining for a 22% rate.

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