South Korea

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

A comprehensive guide covering youth startup support programs and step-by-step corporate tax filing procedures for business operators. 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

On August 10, 2026, the Korean National Tax Service issued a formal announcement detailing targeted tax support measures for individual and corporate taxpayers residing in areas designated as special disaster zones following record-breaking rainfall and widespread flooding during the preceding month. The announcement specifically addresses the tax obligations of affected taxpayers who experienced property damage,

Following recent severe flooding that prompted the declaration of multiple disaster‑affected zones, the National Tax Service issued a directive on 9 August 2026 to provide temporary tax relief to impacted businesses and individuals. The measure is intended to alleviate cash‑flow pressures and support rapid recovery for taxpayers whose operations have been disrupted by the natural disaster. Key

Overview of upcoming amendments to capital gains tax regulations for individuals owning two or more high-value properties, effective next year. 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

Penalty framework 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