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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

Post author:MiamiCrypto
Post published:September 24, 2022
Post category:amount Coins confiscation Crypto crypto assets Cryptocurrencies Cryptocurrency data forfeiture numbers Seizure South Korea south korean tax tax authority tax evasion tax service taxes taxpayers virtual assets

The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual…

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

Post author:MiamiCrypto
Post published:August 3, 2022
Post category:Crypto Cryptocurrencies Cryptocurrency korea korean NTS South Korea south korean tax Tax agency tax evaders tax evasion tax payers tax service Taxation taxes

South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting…