#韩国推迟加密货币所得税
South Korea’s crypto income tax is facing another delay—its fourth. It was originally set to take effect on January 1, 2027. On the 25th, the Blue House hinted at a postponement, then clarified later that afternoon: it is still under review, and no decision has been made. Bitcoin is at $80,400, down 0.26% over 24 hours. $BTC
Youth votes are the public-facing reason; a more concrete one is access to information. The U.S. won’t join the CARF crypto-asset reporting framework until 2029, meaning transaction records from overseas exchanges won’t be available before then. Going ahead in 2027 would mean charging 22% only to users of Upbit and Bithumb, while users of overseas exchanges would pay nothing.
The tax was written into the Income Tax Act in 2020. Annual gains would be taxed at 22% after a deduction of 2.5 million won (about $1,800). In 2022, implementation was pushed from 2023 to 2025; after the investment income tax on stocks was scrapped at the end of 2024, leaving only crypto subject to tax, it was delayed again, to 2027. The controversy over exempting stocks while taxing cryptocurrency has dragged on for three years. Fourteen ruling-party lawmakers have proposed pushing the date back to 2029, and the opposition also supports a delay.
Crypto prices barely moved; after three postponements, the market had long since priced in a fourth. The key variable is November: will the tax revision bill actually put 2029 into law? If it does, South Korean retail investors will have two more years before facing pressure to cash out.
#韩国 #比特币
South Korea’s crypto income tax is facing another delay—its fourth. It was originally set to take effect on January 1, 2027. On the 25th, the Blue House hinted at a postponement, then clarified later that afternoon: it is still under review, and no decision has been made. Bitcoin is at $80,400, down 0.26% over 24 hours. $BTC
Youth votes are the public-facing reason; a more concrete one is access to information. The U.S. won’t join the CARF crypto-asset reporting framework until 2029, meaning transaction records from overseas exchanges won’t be available before then. Going ahead in 2027 would mean charging 22% only to users of Upbit and Bithumb, while users of overseas exchanges would pay nothing.
The tax was written into the Income Tax Act in 2020. Annual gains would be taxed at 22% after a deduction of 2.5 million won (about $1,800). In 2022, implementation was pushed from 2023 to 2025; after the investment income tax on stocks was scrapped at the end of 2024, leaving only crypto subject to tax, it was delayed again, to 2027. The controversy over exempting stocks while taxing cryptocurrency has dragged on for three years. Fourteen ruling-party lawmakers have proposed pushing the date back to 2029, and the opposition also supports a delay.
Crypto prices barely moved; after three postponements, the market had long since priced in a fourth. The key variable is November: will the tax revision bill actually put 2029 into law? If it does, South Korean retail investors will have two more years before facing pressure to cash out.
#韩国 #比特币