ChainCatcher news, Bithumb announced that it has issued preliminary notifications of comprehensive income tax to some users who participated in events held from 2018 to 2021, and announced full support for the related tax amounts. Bithumb stated that it will determine the accurate tax amount through sufficient communication and discussion with users, while prepaying this amount to the National Tax Service on behalf of the users; it will also provide tax consulting services and appeal procedures for comprehensive income tax through tax experts specifically available to individual users.The Korean National Tax Service has notified 10,700 Bithumb users of a total of 83.3 billion won in activity rewards, and plans to notify users of approximately 19 billion won in additional taxes as comprehensive income tax. According to Bithumb's calculations, this tax amount is expected to reach 40 billion won (approximately 29.24 million USD).In addition, a tax appeal is currently being filed regarding the National Tax Service's handling of withholding tax on other income.

ChainCatcher news, the National Tax Service of South Korea plans to build a comprehensive management system for virtual assets to prevent users from evading taxes using virtual assets and to achieve fair taxation.At the end of February, the National Tax Service of South Korea selected GTIC as the leading company for the virtual asset comprehensive management system project and initiated a consultation period of about 4 months. The system aims to effectively analyze and manage the information collected from mandatory submissions of virtual asset transaction histories, and based on the consultation results, distribute recommendations for system construction, with plans to launch in 2025.

ChainCatcher news, the Korean National Tax Service announced that the holding of virtual assets through non-custodial, decentralized virtual asset wallets such as cold wallets (offline wallets) will not be included in the declaration of overseas financial accounts.It is reported that the Korean National Tax Service included virtual assets in the declaration of overseas financial accounts for the first time in June 2023, requiring users with virtual assets exceeding 500 million won to report to the National Tax Service.

ChainCatcher news, the National Tax Service of Korea (NTS) announced that this year, 1,432 individuals and businesses reported overseas cryptocurrency accounts. The total amount of reported cryptocurrency is 130.8 trillion won, equivalent to 98 million USD, accounting for over 70% of the total reported overseas assets. According to official data, a total of 5,419 entities reported their overseas financial accounts, holding assets such as cryptocurrencies, stocks, and deposits totaling 186.4 trillion won (1.4 billion USD). The NTS stated that the tax regulatory agency plans to conduct strict examinations of those who have not reported overseas financial accounts.