South Korea Finalizes 2026 Tax Plan, Crypto Gains Over 2.5M Won Face 22% Levy

Seoul confirms 2026 tax reform includes virtual asset taxation without delay. Gains exceeding 2.5 million won will be taxed at 22%, with initial filings due in May 2028.

Woofun AI reports that the South Korean Ministry of Economy and Finance has concluded the "2026 Tax Reform Bill," which excludes any provisions for deferring virtual asset taxation. Upon National Assembly approval, trading profits surpassing 2.5 million won will incur a 22% tax rate starting next year, with the first declaration period set for May 2028.

This measure follows three previous postponements of crypto taxation. The opposition party has introduced a repeal bill, encountering substantial resistance as the policy is implemented during a period of market decline.