South Korea Lawmaker Seeks to Delay 22% Crypto Tax Until 2030

TLDR

• South Korea lawmaker seeks a three-year delay for the planned 22% crypto tax

• New bill would shift South Korea’s planned crypto tax start from 2027 until 2030

• Crypto gains above 2.5 million won annually would face a combined 22% tax rate

• People Power Party also supports a separate push to abolish the crypto tax law

• South Korea advances wider digital asset rules while crypto tax debate grows

South Korea could push its planned cryptocurrency income tax back three years under a new opposition proposal. People Power Party lawmaker Jeong Seong-guk wants the tax start moved from January 1, 2027, to January 1, 2030. The proposal keeps the tax provisions intact but gives lawmakers more time to revise the framework.

South Korea Crypto Tax Delay Proposal Takes Shape

Jeong plans to amend the Income Tax Act and change the scheduled implementation date. He argues that South Korea needs more time to review tax rules and protection measures for market participants. The delay would also give authorities additional time to prepare administrative procedures before enforcement starts.

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