South Koreas National Tax Service: Residents who receive virtual asset labor remuneration from overseas companies must declare comprehensive income tax
Odaily News The National Tax Service of South Korea has clearly stated that if residents obtain virtual assets in the form of labor remuneration from overseas companies, they must declare comprehensive income tax in accordance with the law.
In its reply in March this year, the National Tax Service pointed out that if residents do not withhold at source through tax combinations and obtain virtual assets from foreign companies as labor income under incentive contracts, they must fulfill the obligation to declare comprehensive income tax.
A case mentioned in the report shows that Singapore Company B intends to distribute virtual assets to employees of its Korean subsidiary Company C. The employee signed an incentive contract with Singapore Company B, engaged in blockchain and virtual asset exchange-related work according to its instructions, and received virtual assets as compensation. (Digital Asset)
You may also like

Lil Pump’s Bold Solana Tattoo Move: Rapper Dumps SOL Tokens After Inking Blockchain Name on Forehead
As of August 14, 2025, the world of crypto and celebrity antics continues to collide in unexpected ways.…

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure
As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K
As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

XRP Price Chart Signals Potential 75% Surge as SEC Concludes Lawsuit Against Ripple
As of today, August 14, 2025, XRP continues to navigate a key legal obstacle with an injunction limiting…

Kalshi Election Betting Contracts Surge After Major Court Victory
The innovative prediction marketplace Kalshi has rolled out over a dozen contracts linked to U.S. political events since…
Gainers
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]