{"id":241375,"date":"2026-10-19T21:00:00","date_gmt":"2026-10-19T21:00:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=241375"},"modified":"2026-10-19T21:00:00","modified_gmt":"2026-10-19T21:00:00","slug":"south-korea-faces-fresh-push-to-delay-crypto-gains-tax-until-2029","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=241375","title":{"rendered":"South Korea Faces Fresh Push To Delay Crypto Gains Tax Until 2029"},"content":{"rendered":"<p>South Korea is approaching another decision point on its long-delayed <a href=\"https:\/\/www.newsbtc.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> gains tax, with <a href=\"https:\/\/www.newsbtc.com\/glossary\/exchange\/\">exchanges<\/a> and policymakers preparing to discuss whether the January 2027 start date is realistic.<\/p>\n<p><strong>TL;DR:<\/strong> The country\u2019s planned crypto tax has already been deferred three times. A new proposal would push implementation toward 2029, but no additional delay has been enacted.<\/p>\n<p>Finance officials are expected to meet representatives of major domestic exchanges on October 20. The industry is arguing that the systems needed to handle different transaction types and calculate cost bases are still incomplete. A rushed launch, exchanges say, risks creating inconsistent tax treatment or driving activity to offshore platforms.<\/p>\n<p>South Korea\u2019s planned rate is commonly described as 22% after local tax is included, rather than a simple 20% all-in charge. The question now is less about whether crypto gains should ever be taxable than whether the supporting <a href=\"https:\/\/www.newsbtc.com\/glossary\/compliance\/\">reporting infrastructure<\/a> is ready for millions of transactions across different venues.<\/p>\n<p>A lawmaker\u2019s proposal would link the effective date to cross-border data sharing through the OECD\u2019s Crypto-Asset Reporting Framework, potentially moving the start to 2029. That measure requires legislative action; a meeting with exchanges cannot, by itself, change the law.<\/p>\n<p>For investors, the current scheduled date remains January 2027 unless lawmakers decide otherwise. For exchanges, a later timetable could buy time to build reporting systems, but another postponement would also prolong policy uncertainty. South Korea has reached this crossroads before, which is why a proposed delay should not be reported as a settled outcome.<\/p>\n<p><em>Written by the News Desk and edited by Samuel Rae.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>South Korea is approaching another decision point on its long-delayed cryptocurrency gains tax, with exchanges and policymakers preparing to discuss whether the January 2027 start date is realistic. TL;DR: The country\u2019s planned crypto tax has already been deferred three times. A new proposal would push implementation toward 2029, but no additional delay has been enacted. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":241376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-241375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241375"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241375"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/241376"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}