Tony Chung(@jayc_BM):[Breaking News] Korea to Implement Crypto Tax in 2027, Government Announces Tax Reform - Crypto asset income taxation to take effect starting January 1, 2027 - Basic deduction of KRW 2.5 million - 20% separate taxation rate - Up to 22% when including local income tax - Previous implementation had been postponed three times - Government's stance: implement first, then supplement/adjust as needed - Crypto asset service providers to be added to targets for comprehensive financial asset inquiries and tax audits - Strengthened collection of tax data related to inheritance and gifts

2026.08.03 09:23

[Breaking News] Korea to Implement Crypto Tax in 2027, Government Announces Tax Reform - Crypto asset income taxation to take effect starting January 1, 2027 - Basic deduction of KRW 2.5 million - 20% separate taxation rate - Up to 22% when including local income tax - Previous implementation had been postponed three times - Government's stance: implement first, then supplement/adjust as needed - Crypto asset service providers to be added to targets for comprehensive financial asset inquiries and tax audits - Strengthened collection of tax data related to inheritance and gifts