South Korea bill ties crypto tax to first CARF data exchange
- —Amendment No. 2221923 was filed on Oct. 16 by 14 lawmakers led by Park Min-kyu
- —Tax would follow the first OECD CARF exchange: 2027 start implies taxation from 2029
- —Current schedule applies from Jan. 1, 2027, at 20% plus 2% local income tax
- —Annual deduction is 2.5 million won; losses cannot be carried forward
Why it matters: A delay would ease pressure on Korean investors, but the timeline hinges on CARF rollout and a government decision.
Source: TokenPost