{"id":72186,"date":"2026-05-07T16:56:04","date_gmt":"2026-05-07T16:56:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-korea-pushes-22-crypto-tax-on-gains-above-1850-starting-in-january\/"},"modified":"2026-05-07T16:56:04","modified_gmt":"2026-05-07T16:56:04","slug":"south-korea-pushes-22-crypto-tax-on-gains-above-1850-starting-in-january","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-korea-pushes-22-crypto-tax-on-gains-above-1850-starting-in-january\/","title":{"rendered":"South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The NTS is drafting final notices, with major exchanges like Upbit and Bithumb to be released in 2026.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Official Stance on Implementation Timeline<\/h2>\n<p>A top South Korean finance official <a href=\"https:\/\/www.edaily.co.kr\/News\/Read?newsId=07160246645446624&amp;mediaCodeNo=257&amp;OutLnkChk=Y\" target=\"_blank\" rel=\"noopener noreferrer\">reportedly<\/a> confirmed that the government intends to begin taxing virtual assets in January as originally scheduled, marking the first time the Ministry of Economy and Finance has publicly formalized its stance on the timeline. Moon Kyung-ho, director of the ministry\u2019s income taxation division, told an emergency forum at the National Assembly that the government is moving forward with the plan despite ongoing debate over potential delays.<\/p>\n<p>\u201cWe will proceed with virtual asset taxation as scheduled in January next year,\u201d Moon said during the forum, which was hosted by Rep. Park Soo-young of the People Power Party and the Korea Tax Policy Association.<\/p>\n<p>Under the current Income Tax Act, gains from the transfer or lending of virtual assets will be classified as \u201cother income\u201d starting Jan. 1. A total tax rate of 22%\u2014consisting of a 20% income tax and a 2% local income tax\u2014will be applied to annual <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> earnings exceeding $1,850 (2.5 million won).<\/p>\n<p>The policy is expected to impact a massive base of retail investors. Government data indicates there are roughly 13.26 million virtual asset investors in the country, a figure based on cumulative membership at Upbit, South Korea\u2019s largest exchange, as of last December.<\/p>\n<p>Moon noted that the National Tax Service (NTS) is currently finalizing the technical framework for tax collection.<\/p>\n<p>\u201cThe National Tax Service is currently preparing a relevant notice,\u201d Moon said. \u201cThey are coordinating at a practical level by holding several meetings with the five major virtual asset operators\u2014Dunamu, Bithumb, Coinone, Korbit, and Gopax\u2014to prepare the draft.\u201d<\/p>\n<p>While Moon initially told forum attendees the notice would be disclosed \u201csoon,\u201d he later clarified his remarks to reporters to avoid suggesting an immediate release.<\/p>\n<p>\u201cThe expression \u2018soon\u2019 could be misunderstood as if it would be released tomorrow or the day after,\u201d Moon said. \u201cThe National Tax Service notice is scheduled to take effect sometime this year.\u201d<\/p>\n<p>According to a local report, the confirmation of the January start date comes amid a push from some political circles and investor groups to further postpone the tax, citing concerns over market <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> and the need for a more <a href=\"https:\/\/news.bitcoin.com\/bank-of-korea-pushes-crypto-circuit-breakers-to-prevent-sudden-market-breakdowns\/\">robust regulatory infrastructure<\/a>. However, the ministry\u2019s latest comments suggest the executive branch remains committed to the current legislative roadmap.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/south-korea-pushes-22-crypto-tax-on-gains-above-1850-starting-in-january\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. The NTS is drafting final notices, with major exchanges like Upbit and Bithumb [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72186"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72186"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72187"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}