2024-11-20 13:39 |
South Korea’s Democratic Party said increasing the tax threshold to 50 million won ($36,000) would mean only big players will be affected. origin »
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South Korea is taking a more aggressive stance against tax evasion by targeting high-income residents suspected of hiding wealth in cryptocurrencies. South Korean media outlet Energy Kyungjae reports Gwacheon, a city in Gyeonggi Province, has introduced an electronic virtual asset seizure system designed to identify and confiscate crypto holdings linked to tax delinquents. The initiative […]
2025-2-5 17:45 | |
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According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country.
2022-5-19 11:33 | |
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South Korea’s Minister of Economy and Finance has stated that the upcoming tax on cryptocurrency trading gains proposed by the government is inevitable. South Korea Not Going Back on Crypto Tax Policy According to Reuters on Tuesday, (April 27, 2021), Hong Nam-ki made the statement at a news conference when asked if the crypto taxRead More
2021-4-28 23:00 | |
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South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”
2021-4-27 11:19 | |
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South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county.
2021-4-27 12:38 | |
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South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.
2021-4-25 03:33 | |
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The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges.
2021-4-24 14:30 | |
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The South Korean government has seen a swell in opposition towards plans to levy taxes next year against crypto trading. The post Opposition to Crypto Tax Plans Gaining Momentum in South Korea appeared first on BeInCrypto.
2021-4-24 11:03 | |
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The City of Seoul becomes the first city in South Korea to confiscate cryptocurrencies owned by tax delinquents.
2021-4-24 14:19 | |
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Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings.
2021-4-16 01:30 | |
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The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedThe post South Korea's Gyeongju targets tax defaulters via virtual asset seizures appeared first on AMBCrypto.
2021-4-15 23:30 | |
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South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.
2021-3-20 03:30 | |
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South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won.
2021-3-17 08:30 | |
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South Korea’s tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy According to the Korea Herald on Monday (Mar.
2021-3-16 00:00 | |
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As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto.
2021-3-15 14:30 | |
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South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.
2021-3-15 12:18 | |
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An official response by ICON to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP has been released. President Min Kim Makes a Clarification The ICON Foundation President Min Kim said in an announcement that the ICON Foundation will not be under the influence of the investigation. The ICON Foundation isRead More
2021-3-9 21:00 | |
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The South Korean government has decided on a date for its 20 percent cryptocurrency taxation policy. However, the impending crypto tax regulation is being met with some resistance. Kimchi Crypto Tax Law Gets Finalized Start Date South Korea has once again altered the date for the implementation of its controversial crypto tax plan. According toRead More
2021-2-23 02:00 | |
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After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.
2021-2-23 12:43 | |
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According to local news firm, Broadband, SARS sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. This was confirmed by Tax Consulting South Africa, which has recently been approached by a number of taxpayers on the issue.
2021-2-6 20:36 | |
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The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.
2021-2-4 14:43 | |
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The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will be enacted in February, and profits from […]
2021-1-9 13:15 | |
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South Korea has been working towards a suitable tax system for crypto trades and profits for a while now, with different proposals and deadlines. However, after much deliberation, the government has now put forth a viable tax plan for crypto gains.
2021-1-8 22:55 | |
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South Korea’s Ministry of Economy and Finance said Wednesday it has finalized a legal amendment relating to cryptocurrency taxes.
2021-1-7 15:17 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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South Korea has delayed the enforcement of its crypto tax law until the start of 2022 providing ample time for exchanges to create the necessary machinery for accurate cryptocurrency financial reporting.
2020-12-2 00:00 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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The postponement follows a successful lobbying campaign by local crypto advocates.
2020-12-1 12:43 | |
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The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […]
2020-11-26 00:23 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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2020-11-25 17:02 | |
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South Korea’s National Assembly may grant a three-month extension for the enactment of its planned crypto tax policy following consultations with industry stakeholders. Several commentators within the country’s cryptocurrency space still argue that levying taxes on virtual currency trading gains will likely stifle the growth of crypto commerce in the country.
2020-11-25 16:30 | |
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The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.
2020-11-25 14:25 | |
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Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure.
2020-11-26 13:37 | |
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South Korea’s parliament is considering delaying the implementation of its cryptocurrency tax laws until the start of 2022. Back in June, the country’s government announced plans to introduce a capital gains tax on cryptocurrency trading beginning in 2021.
2020-11-25 13:20 | |
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South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80. 3 billion won ($60. 2 million) by the country's National Tax Service (NTS). Bithumb, for its part, was The post $60.
2020-10-10 17:30 | |
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Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced.
2020-7-24 04:58 | |
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The South Korean government has ordered the implementation of a tax law that will require a variety of assets to pay taxes. Said tax law will be effective in 2021; five months from now. The announcement was made on the 22nd of July by the country’s Ministry of Strategy and Finance with a “2020 Tax […]
2020-7-23 10:15 | |
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South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said income from digital assets below 2.
2020-7-23 07:15 | |
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South Korea's government has tabled its final proposed tax code on cryptocurrencies with the tax rule set to be implemented from October 2020. The new tax rule will see a 20% income tax on crypto gains take effect as South Korea's government scales its effort to capture digital asset revenue. The final documentation was agreed […]
2020-7-22 18:59 | |
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South Korea has finalized a new 20% tax rate for income generated from crypto trading.
2020-7-22 12:23 | |
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Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More.
2020-6-22 21:00 | |
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According to a report by a local media outlet, Korea JoongAng Daily, the South Korean finance minister today confirmed that the country will go ahead with its plan to tax cryptocurrency transactions.
2020-6-18 21:07 | |
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South Korea?s finance minister Hong Nam-ki announced a plan to impose a tax on crypto
2020-6-18 17:27 | |
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The South Korean government has decided to tax profits on cryptocurrency trading, which could take effect from 2021. Capital Gains Tax on Crypto Trading According to a report from News Asia on Thursday (June 11, 2020), cryptocurrency traders in South Korea could be taxed capital gains on their crypto trading activities come 2021.
2020-6-13 01:07 | |
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Three months on from the pro-crypto government regulation and South Korea is moving to impose taxes on cryptocurrency trading. After a tumultuous two-year period, South Korea’s crypto scene is starting to see some positive sentiment from the authorities.
2020-6-13 20:24 | |
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The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations.
2020-5-31 18:18 | |
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The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law.
2020-5-28 23:30 | |
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The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets.
2020-5-28 15:52 | |
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