Cryptocurrencies inherited or received as gifts will be taxed based on their average daily value over the two months preceding the transfer, the National Tax Service said.
The National Tax Service (NTS) on Thursday said it is investigating 446 young people suspected of evading taxes.
The National Tax Service on Wednesday said it is currently auditing 46 such cases. Common elements in the cases include digital technologies and accounts in countries known for financial secrecy such as Switzerland.
The National Tax Service said Tuesday that it has started its electronic billing and payment service to meet the growing use of non-contact payment systems.
etflix and Delivery Hero, which acquired Baedal Minjok last year, are being investigated by the National Tax Service (NTS) for tax evasion as the authorities look into transfer pricing schemes and other methods used to shift profits.
Foreign owners of domestic property are on the radar of the National Tax Service (NTS), which is looking for those who have underreported rental income. Between 2017 and May this year, foreigners have purchased apartments valued 7.67 trillion won.
A National Tax Service (NTS) director announces an investigation into 413 owners of multiple houses accused of evading tax at the Sejong Government Complex on Tuesday.
The National Tax Service (NTS) has reportedly collected 150 billion won ($125.3 million) in back taxes from Amazon Web Service Korea, the full amount it reported the company owed last year.
As controversy surrounds a civic group dedicated to the cause of Japan's wartime sexual slavery victims, the group's murky financial history has prompted calls to strengthen oversight of nongovernmental organizations (NGOs).