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National Tax Service

South Koreans hold $100M in overseas digital assets amid tax rule review
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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
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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
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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
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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
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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
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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...
South Korea authorities to do more to tackle digital currency tax evasion
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18 March, 2021

South Korea authorities to do more to tackle digital currency tax evasion

The National Tax Service has identified some 2,400 suspected tax evaders relying on digital currencies to hide their assets, thought...
Bithumb takes $69M crypto tax bill to South Korea court
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17 January, 2020

Bithumb takes $69M crypto tax bill to South Korea court

Bithumb has filed a complaint with a court in South Korea, as it seeks to nullify a $69 million bill...