South Korea’s Presidential Office Leans Toward Fourth Delay of 22% Crypto Income Tax

TREE NEWS update: South Korea’s presidential office is leaning toward postponing the virtual asset income tax, originally set to take effect on Jan. 1, 2027, which would mark its fourth delay. A presidential official said the tax would move toward postponement in party-government consultations, though the office said in a written response that the matter is still under review and no decision has been made. Ruling Democratic Party lawmaker Park Min-kyu has proposed an amendment to delay taxation until 2029, with the opposition People Power Party also backing a delay. The current plan would tax gains from virtual asset transfers and lending at 22% after a 2.5 million won basic deduction.