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Crypto Regulation

South Korea eyes fourth delay of crypto gains tax, 2029 start

South Korea is considering a fourth postponement of its crypto gains tax, with a possible start date of 2029, to align with the U.S. timetable for implementing CARF, the OECD’s international tax framework for digital assets. The move would mark another delay for a levy that has already been pushed back three times.

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AI take

A fourth delay would signal that South Korea's crypto tax regime is being shaped less by domestic revenue needs than by the timeline for international information-sharing under CARF. The alignment with the U.S. schedule matters because cross-border reporting only works if major jurisdictions move together; a unilateral start would leave Seoul taxing gains it cannot easily verify. The affected parties are Korean digital-asset holders and the exchanges that would face new reporting duties. Whether this postponement is confirmed, and whether 2029 holds as the anchor date, is the open question.

Generated by AI for reference only.

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