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

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Zhou Hang: How much is SpaceX really worth?

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Variant: Three types of L1 assets are highly likely to become the main means of value storage

Does the performance on Perp DEX become an "invisible threshold" and "amplifier" for new coins to go live on CEX?

a16z Crypto's latest article: Why do we need to predict the market?

Strategy cashes out 2.5 million USD, but Bitcoin's market value dropped by 80 billion USD in one day

Collective Change of Ownership for Crypto Exchanges? The Positioning Competition Among South Korean Financial Giants

WEEXPERIENCE Trading Bootcamp in Poland: How WEEX & FireCrew Are Making Crypto Trading Accessible to Everyone

Paris Reigns Supreme: How PSG Crushed Arsenal’s Dream in a Historic UCL Final Thriller

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein

TaiJi completes $3.5 million strategic financing, with investments from Castrum Capital, Becker Ventures, and Coinvestor Ventures

Bitcoin Stuck Near $73K? How Traders Are Finding Rewards in a Sideways June Market

What Is a Bitcoin ETF? A Simple Guide for 2026

Best AI Crypto Coins 2026: Top 7 Tokens Ranked by Data

How to Stake Solana: A Step-by-Step Guide for 2026

