6 days ago
5
Key Takeaways
- Annual gains above 2.5 million won face a combined 22% rate, and losses cannot be carried into later years.
- The abolished stock tax would have applied above 50 million won, twenty times crypto’s threshold.
- Crypto-to-crypto swaps are taxable disposals, creating a recordkeeping problem the software market has not solved.
Deputy Prime Minister and Finance Minister Koo Yun-cheol told the National Assembly’s Finance and Economy Planning Committee on July 29 that taxation is proceeding as scheduled, answering lawmakers who had asked whether another deferral was needed.
The same committee sent a repeal bill to subcommittee review that day. Only one of those two events represents the government’s position.
Under the current law, annual net gains above 2.5 million won face a 20% national income tax plus a 2% local levy, for a combined 22%. At exchange rates in late July 2026...
English (US)