South Korea

On 31 August 2026, the Korean National Tax Service (NTS) published Announcement No. 2026-26, revising the compliance obligations for businesses that build and operate electronic (tax) invoice systems. This update replaces the previous Notice No. 2026-18 issued in May 2026, reflecting the rapid evolution of the country’s mandatory e-invoicing infrastructure. The notice details technical standards […]

International tax authority considerations for 2026 Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal

On August 19, 2026, the Korean National Tax Service (NTS) announced comprehensive tax relief measures targeting small and medium-sized enterprises (SMEs) located in flood-affected areas of southern South Korea, particularly focusing on the Geoje region and other southern coastal jurisdictions recently devastated by severe rainfall and subsequent flooding. The announcement forms part of the government’s

The NTS provides tax relief for businesses affected by recent flooding. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified

The National Tax Service warns of hacking emails impersonating tax authorities. Readers are advised to verify sender authenticity and avoid clicking suspicious links. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal

The National Tax Service advised virtual asset taxpayers on August 14, 2026, of phishing scams impersonating tax authorities. The alert coincides with the virtual asset capital gains tax reporting framework under the amended Income Tax Act. Phishing emails spoofing official NTS domains urge recipients to disclose credentials or make immediate tax payments via fraudulent links.

On 14 August 2026, the National Tax Service (NTS) of South Korea issued an official warning regarding a surge in phishing emails impersonating the tax authority in connection with virtual asset taxation. As the government prepares for the implementation of comprehensive virtual asset tax reporting obligations, malicious actors are exploiting taxpayer uncertainty by distributing fraudulent

On August 13, 2026, Im Kwang-hyun commenced his second year as Commissioner of the Korean National Tax Service, delivering a keynote address at the agency’s annual policy briefing that outlined the strategic direction for tax administration over the ensuing twelve months. Commissioner Im reaffirmed the agency’s core mission to foster a fair, transparent, and efficient

In a policy address released on 12 August 2026, National Tax Service Commissioner Lim Jong‑hwan set out a comprehensive agenda to drive fiscal innovation and reinforce public confidence in tax administration. The remarks outlined a roadmap that blends technology‑led efficiency gains with expanded engagement channels, aiming to modernize tax collection, reduce compliance burdens, and ensure that taxpayers

Reporting obligation details Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel. Source: Read