South Korea Advances Plans to Tax Crypto Staking and Lending at 22%
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South Korea plans to tax crypto staking and lending income at 22% (20% national plus 2% local) after a ₩2.5M (≈$1,800) basic deduction, with airdrops and hard forks taxed only when sold and the regime slated for 2027. The National Tax Service has completed research on scope and calculation methods but the proposal triggered a National Assembly review after a petition topped 50,000 signatures, creating regulatory uncertainty that could dampen staking, DeFi lending adoption and token market activity.
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- South Korea plans a 22% tax on crypto staking and lending income above deductions.
- After the ₩2.5M ($1,800) basic deduction, investors will face 20% base tax plus 2% local surcharge.
- South Korea’s planned 2027 crypto tax faces review after a petition crossed 50K signatures.
South Korea is advancing plans for a 22% tax framework covering crypto staking and lending income, while airdrops and hard forks would be taxed only upon sale. The National Tax Service (NTS) has completed research on the scope and calculation methods for taxing virtual assets, providing greater clarity as pressure around crypto taxation intensifies. Meanwhile, the proposal has triggered a National Assembly review after a public petition surpassed 50,000 signatures.
South Korea Advances its 22% Crypto Staking and Lending Tax
According to sources, South Korea is actively working on its 22%…
Read The Full Article South Korea Advances Plans to Tax Crypto Staking and Lending at 22% On Coin Edition.
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