South Korea’s tax agency to go after tax evasion cases using crypto

South Korea is planning to go after those who use crypto and digital assets platforms to evade taxes by implementing strict measures against such activities. Seoul authorities pointed out that while the government has not yet implemented capital gains taxes on crypto investments and trading, digital currencies have been actively used to launder money. South Koreas National Tax Service (NTS) vowed to take stricter actions against tax evasion practices that use virtual assets, including cryptocurrency, and online platforms. In its policy briefing before the National Assemblys strategy and...


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