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[BUSINESS] · South Korea, United States · 14 sources

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Part of situation: South Korea digital asset taxation debate (8 clusters)

South Korea considers fourth delay of cryptocurrency gains tax

cryptocurrency taxation South Korea CARF digital assets Income Tax Act

The South Korean government is considering a fourth postponement of the planned tax on cryptocurrency gains, which was originally scheduled to take effect in January 2027. Officials are weighing a delay that could push implementation as far as 2029.

Key reasons for the potential delay include concerns over tax equity and insufficient infrastructure. Specifically, the United States is not scheduled to participate in the OECD’s Crypto-Asset Reporting Framework (CARF) until 2029. Without this international information-sharing system in place, authorities may struggle to track transactions on overseas exchanges, potentially placing a disproportionate tax burden on domestic exchange users.

Political considerations are also playing a significant role. Policymakers are mindful of public sentiment among young investors, as people in their 20s and 30s account for approximately 44.1% of virtual asset users in the country. Several lawmakers have already proposed amendments to the Income Tax Act to delay the tax until 2029 to align with global reporting standards.

A final decision is expected following consultations between the ruling party and the government after the conclusion of the National Assembly’s audit. If approved, the necessary legislative amendments would likely be processed during the tax law review in November.

Entities

Bank of Korea · Financial Services Commission · Kim Min-seok · Lee Eog-weon · National Assembly of South Korea · National Tax Service · OECD · South Korea · United States

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

가상자산 과세 또 미룬다…靑, 내년 시행 앞두고 '4번째 유예' 가닥 - 경북도민일보 [www.hidomin.com]
청와대, 가상자산 과세 추가 유예 가닥… “청년 자산 사다리 존중” [www.kyeonggi.com]
전문가들과 함께 만드는 신문 - 조세금융신문(www.tfnews.co.kr) [www.tfmedia.co.kr]
Fourth Delay Looms for South Korea’s Crypto Gains Tax, Pushed to 2029 [thecoinrise.com]
청와대, 가상자산 과세 네 번째 유예 검토…청년층 여론·CARF 고려 - 매일신문 [www.imaeil.com]
South Korea’s Crypto Tax Debate Reopens as Digital Asset Bill Nears Submission | TokenPost [www.tokenpost.com]
韓國加密基本法衝線了！但稅收杯葛更兇，執政黨暗示「年底見分曉」 [www.blocktempo.com]
South Korea set to delay crypto gains tax to 2029, marking fourth postponement since 2020 [cryptobriefing.com]
청와대, 내년 가상자산 과세 ‘유예’…“미국 카프 참여 고려” [www.hani.co.kr]
South Korea's 22% Crypto Tax Faces Fourth Delay Until 2029 More Stories ETHNews [ethnews.com]
가상자산 과세 또 ‘유예’…청년 여론 의식해 조세원칙 허무나 [www.hani.co.kr]
가상자산 과세 ‘네 번째 유예’ 가시화…2029년이 분수령 - 조세일보 [www.joseilbo.com]
2030 반발에…가상자산 과세 또 '유예' [www.newstomato.com]
靑, ‘가상자산 과세’ 유예 검토…청년층 여론 의식한 듯 [www.seoul.co.kr]