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]

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]

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

On July 9th, according to Digital Asset, the South Korean National Tax Service stated that residents who receive virtual assets as labor compensation from overseas companies are required to declare comprehensive income tax in accordance with the law. The South Korean National Tax Service pointed out in its response in March of this year that if this wage income is not subject to withholding tax through a tax combination, the taxpayer is obligated to independently make the final declaration of comprehensive income tax. [BlockBeats News]

Korean National Tax Service: Residents Must Declare Comprehensive Income Tax for Receiving Virtual Assets as Service Remuneration 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 remuneration 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 make a final declaration of comprehensive income tax themselves. [BlockBeats]

According to Digital Asset, the Korean National Tax Service recently clarified that if a Korean resident receives virtual assets from a foreign corporation due to a labor contract, they must declare comprehensive income tax themselves, even if it has not been withheld and paid locally. This judgment stems from a case in which a worker in Korea directly signed an incentive agreement with a Singaporean corporation and engaged in blockchain-related business under its direction, with remuneration paid in the form of virtual assets. The National Tax Service, based on Articles 127 and 70 of the Income Tax Act, determined that such labor income must be declared in aggregate. [Wu Shuo]

South Korea's National Tax Service: Virtual assets acquired from overseas must also be declared as 'employment income' for income tax purposes

On July 9 (UTC+8), the South Korean National Tax Service clarified that residents who receive virtual assets from overseas companies as compensation for labor must declare comprehensive income tax in accordance with the law. In a response in March of this year, the National Tax Service pointed out that if residents do not conduct withholding tax through a tax association and receive virtual assets from foreign companies as labor income based on incentive contracts, they must fulfill the obligation to declare comprehensive income tax. A case mentioned in the report shows that Singaporean company B plans to distribute virtual assets to employees of its Korean subsidiary, company C. The employee signed an incentive contract with Singaporean company B, engaged in blockchain and virtual asset exchange-related work according to its instructions, and received virtual assets as compensation. (Source: Odaily) [MetaEra]

The Korean National Tax Service has clearly stated that residents who receive virtual assets from overseas companies as compensation for labor must declare comprehensive income tax in accordance with the law.
In a response in March of this year, the National Tax Service pointed out that if a resident does not withhold tax through a tax combination and obtains virtual assets from a foreign company as labor income based on an incentive contract, they must fulfill the obligation to declare comprehensive income tax.
A case mentioned in the report shows that Singaporean company B plans to distribute virtual assets to employees of its Korean subsidiary, company C. The employee signed an incentive contract with Singaporean company B, engaged in blockchain and virtual asset exchange-related work according to its instructions, and received virtual assets as compensation. (Digital Asset) [Odaily Planet Daily]

On July 9, according to South Korean media Digital Asset, the South Korean National Tax Service (NTS) has clarified that residents who receive virtual assets from overseas companies in the form of labor income must also declare comprehensive income tax. In response to related inquiries in March of this year, the NTS stated that if residents receive virtual assets from foreign companies as overseas labor income under a separate incentive contract, and source withholding is not carried out through a tax combination, they are obligated to file a comprehensive income tax return. This case involves Singaporean company B planning to distribute virtual assets to employees of its South Korean subsidiary, company C. The employee directly signed an incentive contract with Singaporean company B, engaged in blockchain and virtual asset exchange-related work according to B company's instructions, and received virtual assets as compensation. [Deep Tide 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.

South Korea's National Tax Service: Cryptocurrency earned from overseas employment must be declared and subject to income tax.

据Digital Asset报道，韩国国家税务厅（NTS）明确表示，从海外公司获得的虚拟资产作为劳动收入，必须在综合所得税申报中申报。今年三月，NTS收到一项询问，内容是居民与外国公司签订个人激励合同并从中获得加密货币，是否需要将其申报为来源于国外的收入。[Foresight News]

韩国国家税务厅：通过海外就业获得的加密货币收入必须申报，并需缴纳所得税。

據Digital Asset報道，韓國國家稅務廳（NTS）明確表示，從海外公司獲得的虛擬資產作爲勞動收入，必須在綜合所得稅申報中申報。今年三月，NTS收到一項詢問，內容是居民與外國公司簽訂個人激勵合同並從中獲得加密貨幣，是否需要將其申報爲來源於國外的收入。[Foresight News]