South Korea Rules Foreign Crypto Issuers Liable for Domestic Taxes

South Korea's Tax Tribunal has determined that foreign cryptocurrency issuers with substantial management activities within the country are subject to domestic corporate taxes. According to NS3.AI, the ruling came after a Singapore-based company, referred to as Corporation A, contested the National Tax Service's tax assessment related to unreported token sales. The tribunal concluded that significant business decisions were made in South Korea, thereby confirming the company's obligation to pay domestic taxes.