South Korea to Enforce Crypto Tax Policy From January 2027

South Korea plans to begin taxing virtual assets in January next year, according to Edaily. The National Tax Service is reportedly working with five major crypto exchanges — Upbit, Coinone, Bithumb, Gopax, and Korbit — to finalize detailed tax guidelines.

Under the current Income Tax Act, profits from virtual assets exceeding KRW 2.5 million will be subject to a 22% tax starting January 1. The rate consists of a 20% income tax and a 2% local income tax.

Source: Edaily