#koreacryptotaxdelaypetitionmeetsreviewthreshold Korea
just said a dead exchange account is still an account.
NTS Aug 28: if you opened it at an overseas VASP, bankruptcy + frozen withdrawals ≠ “it vanished from the form.” Reporting ≠ they taxed the whole pile.
Trigger: combined foreign accounts over ₩500M at any month-end. File the next June. Self-custody wallets were already treated differently. Insolvent CEX claims are not.
2026 cycle: ₩10.5T of overseas digital assets disclosed, down 5.4%. Keep the statements. This is paperwork, not a refund thread.$KORU $EDU $INIT
just said a dead exchange account is still an account.
NTS Aug 28: if you opened it at an overseas VASP, bankruptcy + frozen withdrawals ≠ “it vanished from the form.” Reporting ≠ they taxed the whole pile.
Trigger: combined foreign accounts over ₩500M at any month-end. File the next June. Self-custody wallets were already treated differently. Insolvent CEX claims are not.
2026 cycle: ₩10.5T of overseas digital assets disclosed, down 5.4%. Keep the statements. This is paperwork, not a refund thread.$KORU $EDU $INIT
