“South Korea May Delay Crypto Tax Until 2029 Amid US Data-Sharing Concerns | Nova Global Ne” — what this page in the network covers. South Korean lawmakers are considering pushing back the implementation of a 2020 income tax policy on digital assets to 2029, according to local reports. The delay is attributed to difficulties in obtaining transaction data from US authorities, which is necessary for accurate tax enforcement. The policy, originally slated to take effect in 2022, has already been postponed multiple times due to industry pushback and regulatory challenges.
The latest move reflects ongoing uncertainty in global crypto taxation and the complexities of cross-border data sharing. If approved, the delay would give investors and exchanges more time to prepare, while potentially reducing immediate tax revenue for the government. The decision is expected to be finalized in the coming months as part of broader tax reform discussions. The full version stays on the original page, which this listing opens directly.