South Korea crypto tax petition reaches 50,000 signatures

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A petition calling for South Korea to delay its planned crypto tax by two years has secured the 50,000 signatures required for review by a National Assembly committee.

The measure would postpone the planned 1 January 2027 start date. South Korea intends to impose a 20% national tax on income from transferring or lending digital assets, with a 2% local tax taking the combined rate to 22%. An annual deduction of 2.5 million won ($1,850) would apply.

Reaching the signature threshold means the petition can be referred to the relevant parliamentary committee, but does not guarantee legislative action or suspend preparations for the tax.