# South Korea Weighs Delaying Virtual-Asset Income Tax Until 2029

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/42416
Published: 2026-10-28T06:53:50.000Z
Updated: 2026-10-28T06:53:50.000Z
Section: Regulation

> The presidential office is leaning toward a two-year shift. Any change to the Jan. 1, 2027, start date requires National Assembly approval.

South Korea’s presidential office is leaning toward delaying its virtual-asset income tax until 2029, tying the potential shift to when the United States joins cross-border crypto tax-data exchanges.

The Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) sets staggered dates for data exchanges. South Korea, Japan and the United Kingdom are scheduled to begin in 2027; Singapore, Switzerland and Hong Kong in 2028; and the United States in 2029.

The tax is currently scheduled to start Jan. 1, 2027. A ruling-party lawmaker has proposed moving the date to Jan. 1, 2029. Another postponement would be the fourth since the tax was originally scheduled to begin in 2022. The plan would tax annual net income from qualifying virtual-asset transfers and lending at 20%, or an effective 22% including local income tax.

The government is expected to decide its position in early December; any postponement requires National Assembly approval.