The Korean National Tax Service is launching a virtual asset transaction tracking system, and will start taxing cryptocurrency investment income from next year.

DeepFlowTech · 2026-03-12T07:30:19+00:00

The Korea National Tax Service plans to build a virtual asset transaction tracking system to implement systematic tax management. The project budget is approximately 3 billion KRW, with data collection expected to officially begin in 2027, and a 22% tax rate will be levied on earnings exceeding 2.5 million KRW starting from 2024.

DeepFlowTech

2026-03-12 07:30:19

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Deep Tide TechFlow News, on March 12, according to Korea Times, the Korea National Tax Service (NTS) announced the start of preparations for building a virtual asset transaction tracking system to support the government’s expansionary fiscal policy and revenue needs. The system aims to implement systematic taxation management on cryptocurrency investment gains. The project cost is approximately 3 billion Korean won (about $202 million USD), and it has been publicly tendered on Korea’s Public Procurement Service electronic bidding platform. The winning bidder will complete the contract within this month.

According to the plan, system design work will begin in April, enter a trial operation phase in November, and officially go live between November and December. The NTS stated that the system is expected to start officially collecting individual virtual asset transaction data from 2027.

Under Korea’s current plan, starting from January next year, virtual asset gains exceeding 2.5 million Korean won will be subject to a combined tax rate of 22% (including 20% income tax and 2% local income tax).

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