South Korean National Tax Service: Residents must declare comprehensive income tax for virtual asset service income received from overseas companies

On July 9, according to Digital Asset, the Korean National Tax Service stated that residents who receive virtual assets from overseas companies in the form of labor compensation must declare comprehensive income tax in accordance with the law.

In a response in March of this year, the Korean National Tax Service pointed out that if the wage income is not subject to withholding tax through a tax association, the taxpayer is obliged to file a final declaration of comprehensive income tax on their own. [BlockBeats]