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National Tax Service

South Koreans hold $100M in overseas digital assets amid tax rule review

Wahid Pessarlay

-

24 September, 2023

South Koreans hold $100M in overseas digital assets amid tax rule review

South Korea may revamp its tax system to tackle unreported overseas earnings in digital assets, while Indonesia plans to tax...

South Korea: Bithumb under probe yet again over tax evasion

Wahid Pessarlay

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14 January, 2023

South Korea: Bithumb under probe yet again over tax evasion

The South Korean National Tax Service believes that Bithumb may have been engaged in tax evasion, an offense punishable by...

South Korea tax agency seizes nearly $200M in digital assets from tax offenders

Wahid Pessarlay

-

27 September, 2022

South Korea tax agency seizes nearly $200M in digital assets from tax offenders

South Korea stresses the need to uphold fair taxation principles as it busted digital asset investors who failed to settle...

Levy on digital asset airdrops sought in South Korea

Wahid Pessarlay

-

26 August, 2022

Levy on digital asset airdrops sought in South Korea

South Korea heightens its digital asset regulation with the finance ministry announcing that airdropped assets are now subject to a...

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

Wahid Pessarlay

-

11 August, 2022

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

The NTS is also looking into individuals using digital assets to evade inheritance and gift taxes, as well as online...

South Korea to tax inherited and donated digital currencies starting 2022

Steve Kaaru

-

5 January, 2022

South Korea to tax inherited and donated digital currencies starting 2022

South Korea’s tax agency will use data from the Big Four exchanges to determine the daily average price upon which...

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