Korean Tax Blog

Will Korea Delay Crypto Tax Again? The 2027 Start Date Still Stands “Korea’s crypto tax has already been delayed several times. Could it be postponed again?” A new proposal has recently been introduced to delay Korea’s virtual asset taxation once again. However, this does not mean another postponement has been confirmed. Under the law currently in effect, income from the transfer or lending of virtual assets is still scheduled to become taxable from January 1, 2027. Why Is An

Korea to Begin Taxing Crypto in 2027: Who Pays and How Much? Korea’s taxation of virtual assets is scheduled to begin on January 1, 2027, after being postponed three times. From that date, income earned from transferring or lending virtual assets will generally be subject to Korean income tax. How Will Crypto Tax Be Calculated? Tax will not be imposed on the entire amount received from selling crypto. Instead, taxable income will generally be calculated based on the actual pr

Beware of Fake Korean Tax Emails About Cryptocurrency “Did you receive an email claiming to be from Korea’s National Tax Service about cryptocurrency taxes?” Be careful before clicking any links or opening attachments. Korea’s National Tax Service (NTS) has warned taxpayers about phishing emails impersonating the tax authority and referring to virtual asset taxation. Some fraudulent emails have been sent with titles suggesting that the recipient needs to provide information o