Bitcoin Taxation Set to Take Effect in January 2027…First Tax Filing Due in May 2028
Bitcoin taxation will begin with transfers and lending transactions occurring on or after 2027-01-01. A tax rate of 22%, including local income tax, will apply to an individual's annual net profits from virtual assets after deducting KRW 2,500,000. Profits from personal virtual asset trading earned during 2026 are not subject to this tax system. Here is how the tax is calculated. If annual net profit is KRW 10,000,000, the calculation is (1,00