Deep Tide TechFlow news: On June 24, according to Digital Asset, the Korean Tax Tribunal has recently decided to reopen an investigation into a case in which Bitcoin was transferred from a spouse’s overseas exchange account to the individual’s domestic account and was subsequently deemed to be a “gift” for taxation purposes. In that case, the taxpayer argued that the relevant Bitcoin originally belonged to them, and that the transfer via the spouse’s account was only due to travel rule restrictions, and that the spouse’s account was held for a short period, so it should not be treated as a gift.

The tribunal held that the tax authorities had not conducted a sufficiently thorough investigation into the actual ownership of the hardware wallet, the true attribution of the digital assets, and the evidence related to the relevant agreements. It therefore required that the Bitcoin in question be re-examined together with supplementary evidence to determine whether it is the taxpayer’s inherent property.