South Korea finalizes the 2026 tax reform plan, not delaying the taxation of cryptocurrency assets again

According to Edaily, the South Korean Ministry of Economy and Finance has finalized the "2026 Tax Reform Bill," which does not include a clause for delaying the taxation of virtual assets. If passed by the National Assembly, profits from virtual asset transactions exceeding 2.5 million won will be taxed at a rate of 22%, with the first declaration due in May 2028.

This taxation has been postponed three times previously, and the opposition party has proposed a repeal bill, facing significant opposition amid the current market downturn.