Published 24 July 2026, Notice 26-015 expands the NTS’s enforcement framework for virtual-asset income, targeting both resident holders and non-resident beneficiaries of crypto-currency gains. The directive requires domestic exchanges to submit detailed trader-to-trader transaction logs monthly, while non-resident investors must declare overseas-held digital assets through the newly established 해외가상자산 신고 시스템 (Overseas Virtual-Asset Reporting System). Failure to report will result in automatic assessment based on estimated market values, with penalty rates reaching 25 percent for willful non-disclosure. The measure aligns with OECD’s global minimum tax discourse and introduces a mandatory 100-day grace period for voluntary regularization before intensified audits commence.
Key Takeaways
- Mandatory Exchange-Level Reporting: All licensed virtual-asset service providers must transmit client transaction data to the NTS on a monthly basis, including wallet identifiers, trade timestamps, and fiat-on-ramp conversions.
- Overseas Asset Declaration Obligation: Taxpayers holding virtual assets abroad must file Form 21-24 by the end of the following month, with non-compliance triggering a presumptive tax liability calculated using average quarterly exchange rates.
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.
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