South Korean officials have defended the government's planned 22% tax on virtual asset gains, pushing back against calls to delay the levy. The tax is scheduled to take effect in 2027.
Tax timeline
The 22% rate applies to virtual asset income, though specific thresholds remain unspecified. Officials have not indicated any willingness to postpone the start date, despite growing pressure from some quarters.
Opposition calls
Critics have urged the government to delay the tax, arguing it could impact the country's crypto market. However, officials have not budged, reaffirming the 2027 timeline. The debate continues as the deadline approaches.
