The National Tax Service of Korea requires declaration of comprehensive income tax for virtual assets received as overseas labor compensation

According to BlockBeats, the National Tax Service of Korea stated that residents who receive virtual assets in the form of labor compensation from overseas companies must declare comprehensive income tax in accordance with the law.

The National Tax Service of Korea pointed out in its response in March this year that if the wage income is not subject to withholding tax through a tax combination, the taxpayer is obliged to make a final declaration of comprehensive income tax on their own.