The National Tax Service (NTS) has clarified that virtual assets received as compensation from foreign entities are subject to comprehensive income tax reporting. This ruling addresses the growing prevalence of digital assets in international compensation packages. In response to an inquiry regarding virtual assets received as labor income from a foreign corporation under an incentive agreement, the NTS confirmed that such income must be reported. Even if withholding tax hasn't been collected through a taxpayer association, a final comprehensive income tax return is mandatory. This decision emphasizes that all forms of income, including virtual assets, are subject to taxation. Taxpayers receiving virtual assets as compensation should maintain accurate records of the assets' value at the time of receipt and include this income in their annual tax filings to avoid penalties. The ruling references articles 70 and 127 of the Income Tax Act, which relates to obligations for comprehensive income tax returns. ```