South Korea considers fourth postponement of 22% cryptocurrency gains tax, now targeting 2029 implementation.
Regulation & Gov ·
South Korea is considering a fourth postponement of its cryptocurrency gains tax, with officials examining a potential 2029 implementation date according to reporting. The delay would align the country's framework with U.S. adoption of the OECD's Common Reporting Standard for Automatic Exchange of Information (CARF), an international tax coordination mechanism.
The proposed deferral reflects ongoing uncertainty around the tax's rollout. South Korea has previously delayed the gains tax multiple times since its original conception, and the latest consideration signals continued hesitation among policymakers over implementation timing. Aligning with international standards under CARF appears to be a primary rationale for the 2029 target.
What remains unclear is whether this fourth delay will ultimately be formalized through legislation or if further postponements may occur. The status of related regulatory or legislative action needed to lock in the 2029 date has not been detailed.