South Korea’s National Tax Service is building a 3 billion won crypto profit tracking system for trial operation in November and full launch this year before virtual asset taxation begins next January.
South Korea’s National Tax Service is launching a 3 billion won ($2.02 million) project to build a crypto investment profit tracking system ahead of virtual asset taxation scheduled to start next January. The system is set for trial operation in November and full launch later this year to support tax enforcement. Under the upcoming rules, gains above 2.5 million won from virtual assets will be taxed at a 22% rate.