South Korea’s Ruling Party Seeks More Views on Crypto Tax Delay

South Korea’s ruling party will seek more internal views on delaying a 22% tax on virtual-asset income before deciding its position, leaving the measure’s scheduled January 2027 start conditional on another postponement.

The ruling party’s floor spokesperson said Tuesday that the party had not taken a position. The party’s policy committee chair conveyed a range of views, including another delay. A lawmaker argued that the tax should begin after the Digital Asset Basic Act is enacted.

The discussion concerns South Korea’s 2027 crypto tax timetable. If the tax is not postponed again, it is scheduled to begin in January 2027. Annual income from virtual-asset transfers and rentals would qualify for a 2.5 million won basic deduction, with other income tax and local income tax combining for a 22% rate.

The party plans to continue canvassing members before finalizing its stance, which remained unsettled Tuesday.