Government Sticks to Crypto Tax Plan Despite Industry Push for Delay

The National Tax Service is expected to announce specific tax guidelines for virtual assets by next month, aiming to implement taxation starting in January next year, according to a Herald Korea report. The guidelines will address key issues raised by the industry, including whether losses can be carried forward and the scope of miscellaneous income. While the government maintains its stance on proceeding with taxation as planned, it faces strong opposition from investors and two rounds of public petitions. Industry and political circles suggest that if infrastructure gaps and fairness concerns intensify, the government may again consider postponing the tax implementation ahead of year-end sentiment and approval ratings.