South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament
CoinDesk1h agoUpdated 1h ago
Smart Read
The country plans on taxing cryptocurrency gains from Jan. 1, 2027, signaling that it does not intend to postpone the measure for a fourth time....
Key takeaways
- 1South Korea plans to tax crypto gains over $1,740 at a 22% rate starting January 1, 2027.
- 2The crypto tax implementation has already been delayed three times from its original 2022 start date.
- 3Critics warn that the lack of loss carry-forwards may drive local investors to offshore crypto platforms.
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Why it matters
South Korea's move highlights a persistent global shift toward taxing digital asset profits regardless of market pushback. For Indian investors already facing a 30% crypto tax, it underscores how major governments are tightening tax enforcement on crypto markets.
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