An image encoding/decoding method and apparatus are provided. An image decoding method performed by an image decoding apparatus may include determining a chroma array type of a current image, determining an adaptive loop filter (ALF) indicator of a chroma component based on the chroma array type, and performing ALF filtering with respect to a reconstructed image based on a value of the ALF indicator. The value of the ALF indicator may be determined to be a predetermined value without being obtained from a bitstream, based on the chroma array type being a predetermined type, and the value of the ALF indicator may be obtained from the bitstream, based on the chroma array type being not the predetermined type.