South Korea2026.11.06Digital Asset

Civic Group: Push to Extend Crypto Tax Deferral Undermines Tax Equity, Condemns Government and Ruling Party

• PSPD condemned the government and Democratic Party's push to delay virtual asset income taxation by an additional two years, calling it damaging to tax equity.
• The group pointed out that taxation has already been postponed three times, delaying implementation by six years, and called insufficient readiness an inadequate excuse for further delay.
• PSPD rejected the government's justifications—difficulty obtaining overseas transaction data and the need to enact a digital asset law first—specifically challenging claims tied to the crypto-asset automatic information exchange system (CARF).