PANews
PANews|Aug 04, 2026 06:10
[South Korea Finalizes 2026 Tax Reform Plan, No Further Delay in Crypto Asset Taxation] According to Edaily, South Korea's Ministry of Economy and Finance has finalized the '2026 Tax Reform Plan,' which does not include a clause for postponing the taxation of virtual assets. If approved by the National Assembly, starting next year, profits from virtual asset transactions exceeding 2.5 million KRW will be taxed at a rate of 22%, with the first filing due in May 2028. Previously, this taxation had been postponed three times. The opposition party has proposed a repeal bill, and there is significant resistance amid the current market downturn.
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