- South Korea’s digital-asset industry said the preparation period for virtual-asset taxation set for early next year is too short, and that a tax delay and review of the implementation timetable are needed.
- DAXA said unresolved issues include infrastructure for calculating and verifying acquisition costs, withholding tax systems, access to information from overseas operators (CARF) and tax standards for different transaction types.
- DAXA said introducing taxation and expanded investigative authority at the same time could trigger a contraction in domestic trading and an outflow of funds overseas, potentially outweighing any increase in tax revenue, and that authorities should consider measures such as a higher basic deduction threshold and the introduction of loss carryforwards.
South Korea’s Digital-Asset Industry Urges Delay to Crypto Tax, Calls for Review of Rollout Timing
South Korea’s digital-asset industry is calling for a delay to virtual-asset taxation scheduled to take effect early next year, saying there is too little time to prepare and that the implementation schedule should be reconsidered.
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Sep 10, 2026 at 6:55 AM UTC · 2 min de leitura
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South Korea’s digital-asset industry is calling for a delay to virtual-asset taxation scheduled to take effect early next year, saying there is too little time to prepare and that the implementation schedule should be reconsidered.
According to industry officials on September 10, the Digital Asset eXchange Alliance, or DAXA, recently drew up a position paper containing those views on virtual-asset taxation.
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