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Crypto tax rules shift in South Korea, Greece and Hong Kong

South Korea plans to delay its 22% crypto gains tax to 2029, Greece taxes crypto gains at 10%, and Hong Kong passed a law on crypto tax reporting. Rules for crypto holders are changing in three places.

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Photo: Matthew T Rader, CC BY-SA 4.0, via Wikimedia Commons

Crypto ·

South Korea's government will ask lawmakers to push back its 22% tax on crypto gains until 2029. This is the fourth delay of the tax. The government also wants investors to be able to carry losses forward for up to three years.

Crypto

Greece has set a 10% tax on crypto gains. The first €500 of gains is tax-free, so small profits fall outside the tax.

In numbers

  • 22%South Korea crypto gains tax
  • 10%Greece crypto gains tax
  • €500Greece tax-free gains

Crypto

Hong Kong lawmakers passed a bill that puts the OECD's Crypto-Asset Reporting Framework into local law. Service providers will begin collecting user information next year. The data will be shared across borders starting in 2028.

What comes next

South Korea's government must now ask lawmakers to approve the delay to 2029.

Background

The OECD is an international group of mostly wealthy countries. Its reporting framework is meant to let tax authorities exchange information about crypto users.

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Crypto

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Matthew T Rader, CC BY-SA 4.0, via Wikimedia Commons

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