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South Korea's National Tax Service: Cryptocurrency earned from overseas employment must be declared and subject to income tax.
(Translated by AI)
Jul 9, 2025
According to Digital Asset, the National Tax Service (NTS) of South Korea has clarified that virtual assets received as labor income from overseas companies must be declared in the comprehensive income tax return. In March of this year, the NTS received an inquiry asking whether residents who sign individual incentive contracts with foreign companies and receive cryptocurrency from them are required to declare it as foreign-sourced income. [Foresight News]
Source
BlockBeats:South Korean National Tax Service: Residents must declare comprehensive income tax for virtual asset service income received from overseas companies
BlockBeats:Korean National Tax Service: Residents Must Declare Comprehensive Income Tax for Receiving Virtual Assets as Service Remuneration from Overseas Companies
律动:South Korean National Tax Service: Residents must declare comprehensive income tax for virtual asset service income received from overseas companies
吴说:South Korea's National Tax Service: Virtual assets acquired from overseas must also be declared as 'employment income' for income tax purposes
MetaEra:South Korean National Tax Service: Residents must declare comprehensive income tax for virtual asset service income received from overseas companies
Odaily:South Korean National Tax Service: Residents must declare comprehensive income tax for virtual asset service income received from overseas companies
TechFlow:South Korea's National Tax Service: Residents who receive virtual assets from overseas companies in the form of "labor income" must declare comprehensive income tax.
ForesightNews:South Korea's National Tax Service: Cryptocurrency earned from overseas employment must be declared and subject to income tax.
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