El gobierno local de Corea del Sur amenaza con la liquidación de las criptomonedas mantenidas en bolsa por los morosos de impuestos
Los funcionarios surcoreanos han confiscado activos digitales por valor de 124 millones de wones (alrededor de 90.000 dólares) de unas 17 personas. Los funcionarios fiscales de la jurisdicción notificaron a los presuntos morosos sobre sus atrasos de impuestos pendientes y advirtieron que podrían vender sus activos digitales si no pagaban sus impuestos antes de finales de noviembre.
Un gobierno local de la ciudad de Paju, provincia de Gyeonggi de Corea del Sur, advirtió a 17 personas que venderá sus activos digitales si no pagan sus impuestos antes de finales de noviembre.
El gobierno local de Corea del Sur confisca activos digitales de 17 personas
Por primera vez, un gobierno local de Corea del Sur advirtió que puede vender directamente en las bolsas criptomonedas en poder de morosos.
Los funcionarios emitieron avisos a 17 personas y confiscaron sus criptomonedas a través de CEX y advirtieron que si no se pagan los impuestos…
- LondonCryptoClub (@LDNCryptoClub) 20 de noviembre de 2024
According to a local news outlet, Yonhap News, the 17 tax defaulters owe the government a total of 124 million won, or approximately $90,000. The authorities stated that the assets seized are worth 50 million won, or $35,000 at current rates.
The tax officials seized the virtual assets through centralized crypto exchanges, becoming the first government in the jurisdiction to seize virtual assets from tax evaders. The government officials gave a stern warning to taxpayers that they can’t hide their assets and that officials will track down their crypto assets and enforce appropriate penalties.
The recent asset seizure is not the first in South Korea. In July, Paju officials seized 100 million won (approximately $72,000) in digital assets that officials believed were linked to unpaid taxes. According to a separate report by Yonhap News, the officials said the culprits intended to hide the funds through digital assets despite being able to pay.
The officials said that 64 people who were found to have more than 1 million won in tax arrears had 280 million won worth of digital assets in centralized exchanges. The officials revealed that the cumulative tax arrears for all those individuals was about 650 million won.
South Korea and Fireblocks offer tokenized tax refunds through NongHyup Bank
South Korea announced a strategic partnership with digital asset platform Fireblocks to tokenize VAT refunds through NongHyup Bank to refund goods and services tax (GST) and value-added tax (VAT) on purchases at retail outlets.
Fireblocks CEO Michael Shaulov mentioned that with tokenization, unique digital identifiers can be assigned to assets, allowing real-time tracking from issuance to settlement, thereby eliminating the risks of manual error or fraud.
Similar instances have occurred in other parts of the world where authorities have turned a keen eye on cryptocurrencies as a medium of tax evasion. The Kenya Revenue Authority (KRA) began procuring a digital tax system that will capture crypto transactions that have not been considered for revenue collection in the past.
The regulator mentioned that the lack of an effective system of collecting crypto taxes has resulted in revenue loss for the Kenyan government.
In October, the South African Revenue Service (SARS) also mandated crypto investors and traders to declare digital asset transactions when filing their tax returns. The taxman also notified South African crypto enthusiasts that the tax systems would be updated to accommodate the tracking of crypto transactions.
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