TechFlow News, June 24: According to Digital Asset, South Korea’s Tax Tribunal recently decided to conduct a re-investigation into a case where Bitcoin transferred from a spouse’s overseas exchange account to the taxpayer’s domestic account was classified as a “gift” and taxed accordingly. In this case, the taxpayer argued that the Bitcoin in question originally belonged to them and was merely routed through their spouse’s account due to travel-related regulatory restrictions; furthermore, the Bitcoin resided in the spouse’s account only briefly and thus should not be deemed a gift.
The Tribunal determined that the tax authority’s investigation into the actual ownership of the hardware wallet, the true ownership of the digital assets, and related contractual evidence was insufficient. Consequently, it ordered a re-examination—incorporating additional evidence—to determine whether the Bitcoin constitutes the taxpayer’s inherent property.
