Bithumb issued an announcement saying that it issued a preliminary notice of comprehensive income tax to some users who participated in the activities held between 2018 and 2021, and announced that it fully supports the relevant tax amount. The position of the National Tax Administration is that the remuneration paid to users through various activities, including virtual assets, is taxable income. Bithumb disagreed with the opinion of the National Tax Administration, but explained that the taxation is mandatory.
The National Revenue Agency informed 10,700 Bithumb users of the event reward of 20.20 billion won totaling 83.30 billion won, and plans to notify users of the additional tax of about 19 billion won as a comprehensive income tax. According to Bithumb's calculations, the tax is expected to reach 40 billion won.
Bithumb announced that it will determine the exact tax amount through full communication and discussion with users, and contemporaneous users will advance the amount to the IRS. In addition, we also provide tax consulting services and appeal procedures for comprehensive income taxes through tax experts who specialize in providing answers for individual users. In addition, Bithumb said that it is currently filing a tax appeal against the handling of other income withholding taxes by the IRS.
South Korea's National Tax Agency announced a 40 billion Korean won tax on Bithumb users
2024-05-10 01:30:35
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