POPA Recon✔️The government will implement virtual asset taxation as scheduled from January 2027
✔️The government will implement virtual asset taxation as scheduled from January 2027 For the first time, the government has announced its official position on the taxation of virtual assets. • Virtual asset taxation is scheduled to take effect on January 1, 2027 • Revenues exceeding KRW 2.5 million per year • The total tax rate is 22% → 20% other income tax + 2% local tax Currently, the National Tax Service said it is coordinating with the five major exchanges in Korea, including Upbit and Bithumb, and that a notice on tax standards will be released soon. ✍️When the tax law amendment is…
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