⚖️ South Korea’s parties provisionally agree to a two-year delay in crypto tax
On November 11, 2026, representatives of the ruling party and the opposition reached a preliminary agreement in the parliament’s tax subcommittee to delay the introduction of a tax on income from crypto assets by two years, until 2029. The government had previously backed the delay.
The law has not yet been passed: the amendments have not gone through a final vote. Disagreements remain over the tax-free allowance and the deadline for exchanges to submit transaction data. This is therefore a preliminary political agreement, not a tax repeal that has taken effect.
Sources: Yonhap and Money Today, November 11, 2026.
#CryptoTax #SouthKorea
On November 11, 2026, representatives of the ruling party and the opposition reached a preliminary agreement in the parliament’s tax subcommittee to delay the introduction of a tax on income from crypto assets by two years, until 2029. The government had previously backed the delay.
The law has not yet been passed: the amendments have not gone through a final vote. Disagreements remain over the tax-free allowance and the deadline for exchanges to submit transaction data. This is therefore a preliminary political agreement, not a tax repeal that has taken effect.
Sources: Yonhap and Money Today, November 11, 2026.
#CryptoTax #SouthKorea