Next year 1month 1day virtual asset taxation will begin, 250for profits exceeding ten thousand won 22%
The government will 2027year 1month 1day begin taxing virtual assets. A 250% tax rate will apply to coin gains exceeding ten thousand won a year, 22and this is drawing backlash from individual investors as well as calls for a review from academia.
The government will fully implement virtual asset taxation starting 2027year 1month 1day. A 250% tax rate will apply to annual virtual asset gains exceeding ten thousand won.22,
Individual investors objected, saying that even small-scale victims would be included among those subject to taxation. Responses included: “Do we also have to pay taxes when we are stuck holding coins?”
The Korea Financial Research Institute said that the taxation method needs to be reconsidered. It raised concerns about tax fairness and the practicality of enforcement.
It was noted that 10more teenagers and investors of all ages are using mobile apps to access virtual assets alongside stocks and ETFs. There were also voices raising concerns about young investors’ experience and their level of understanding of taxes.
Related industries and investors are calling for preparations in line with the start of taxation. Organizing transaction records and income reporting systems was cited as an immediate task.
It was summarized only that the government announcement, researchers’ views, and investor reactions all came out at the same time. Until additional detailed enforcement decrees and guidance are released, there remains room for changes in how it is applied and in exemption rules.
Sources: 매일경제 경제
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