South Korea is planning to postpone the implementation of a 22% tax on cryptocurrency gains until 2029. This move represents the fourth delay since the tax framework was first introduced in 2020.
The current implementation date is set for 2027, but the government intends to shift it further. To finalize this change, the National Assembly must approve a formal amendment to the existing legislation.
The decision to delay the tax follows ongoing difficulties in establishing effective reporting systems for digital assets. Market participants are now waiting for the National Assembly to confirm the legislative timeline.
