Korea's crypto-tax delay has numbers attached. It still needs a law.

An Income Tax Act amendment filed by South Korean lawmaker Choi Eun-seok on 27 October proposes delaying virtual-asset income taxation from January 2027 to January 2029. It also proposes a larger deduction and loss relief. The bill remains a proposal, not an enacted reprieve.

The published bill summary lists an increase in the annual basic deduction from 2.5 million won to 50 million won, together with a five-year carryforward for qualifying investment losses. The stated reasons include fairness between investment assets, volatility and difficulty checking acquisition costs for assets held through overseas exchanges or personal wallets.

Bloomingbit's new coverage draws attention to the proposal as the planned tax start approaches. The legislative record reproduced by Baro identifies bill 2222117, referral to the relevant committee on 28 October and a public-notice deadline of 6 November. Filing and committee referral are procedural steps; neither establishes passage.

Readers should therefore keep the two dates separate: the current scheduled start and the later date requested by the sponsor. The bill would change the calculation as well as the timetable, but none of those terms should be treated as settled personal tax guidance. This is a current policy check on an earlier filing, not a claim that a new postponement took effect overnight.