logo

The Korean National Tax Service has launched the construction of a virtual asset transaction tracking system to pave the way for taxation in 2027

By: rootdata|2026/03/12 15:42:00
0
Share
copy

The National Tax Service of Korea (NTS) announced on Thursday that it has begun constructing a tracking system for cryptocurrency investment gains, aimed at supporting the government's expansionary fiscal policy and the need to increase fiscal revenue.

The system's construction comes just before the government's plan to tax profits from virtual assets starting in January next year. According to the announcement, the NTS has tendered for the "Comprehensive System for Virtual Asset Transaction Analysis," a project published on the electronic bidding platform by the Public Procurement Service, responsible for government and public institution procurement, with a budget of 3 billion won (approximately 202,000 USD). According to the plan, the winning bidder will be selected and contracted within this month, with system design starting in April, followed by multiple rounds of testing before entering a trial operation phase in November, and is expected to officially launch within the year.

The NTS stated that the system will start collecting individual virtual asset transaction data from 2027, systematically managing and analyzing vast amounts of transaction information to more effectively detect tax evasion, including identifying hidden income of tax delinquents through tax audits.

Notably, the NTS plans to incorporate artificial intelligence and machine learning technologies to analyze and track abnormal transaction types and patterns. Additionally, relevant virtual asset analysis data and lists of suspects will be shared with other government departments such as the Korea Customs Service, the Statistics Korea, and the Bank of Korea.

According to Korean tax law, starting in January next year, the portion of annual income from virtual assets exceeding 2.5 million won will be subject to a comprehensive tax rate of 22% (including 20% income tax and 2% local income tax).

-- Price

--

You may also like

Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives

The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.

San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026

Stablecoins 2026 New Narrative: No longer just "issuing coins," but reconstructing global financial infrastructure along three dimensions: AI payment authorization, RWA on-chain credit, and cross-border on-chain FX.

Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon

A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.

Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon

A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.

The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.

Houthi Deadline Countdown Begins | Rewire News Morning Brief

Trump's 48-Hour Ultimatum was issued on Saturday and expires on Monday night

Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years

The key reasons for the sharp decline include heightened oil prices due to Middle East conflict, suppressed interest rate cut expectations, and intensified selling pressure triggered by tightening USD liquidity.

Popular coins

Latest Crypto News

15:42

The actual control ratio of the SIREN dealer may reach 88.5%, and the controller may be DWF Labs

According to Ember Monitoring, among the top 54 addresses holding SIREN tokens, except for the burn wallet and the Binance Web3 wallet, the remaining 52 addresses are suspected to be owned by the same controlling party. Among these, 48 addresses had previously concentrated SIREN tokens, while the ot...
15:42

Japan's bond yields approach a new high in decades

According to Jinshi Data, on Monday morning, Japanese government bond prices fell, and yields rose again to their highest levels in decades. Market concerns are growing that escalating conflicts in the Middle East will drive up inflation rates. The yield on 10-year bonds rose 6 basis points to 2.32%...
15:42

Resolv Labs: 9 million illegally minted USR have been destroyed, do not trade related tokens during the implementation of recovery measures

Resolv Labs issued an update regarding a security incident, stating that a malicious attacker illegally accessed Resolv's infrastructure through a stolen private key and minted approximately $80 million worth of uncollateralized USR. The relevant smart contracts have been quickly paused, and approxi...
15:42

Data: The current whale position on the Hyperliquid platform is 3.344 billion USD, with a long-short position ratio of 1

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.344 billion, with long positions of $1.674 billion, accounting for 50.07% of the total holdings, and short positions of $1.669 billion, accounting for 49.93%. The profit and loss for long positions is -$...
15:42

Grayscale has submitted the S-1 application related to the HYPE ETF, and the staking feature is currently not allowed

According to The Block, Grayscale has submitted an S-1 application to the U.S. SEC, planning to launch the Grayscale HYPE ETF (ticker: GHYP). This fund aims to track the spot price of the Hyperliquid (HYPE) token and is intended to be listed on Nasdaq, with custody provided by Coinbase Custody.The c...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com