Search results for CRS
Crypto
Japan tax agency launches new tax system, expands AI checks on crypto filings
Japan’s National Tax Agency has strengthened scrutiny of cryptocurrency transaction filings as it begins full operation of its next-generation tax system, KSK2. The system integrates individual and corporate data using My Number and corporate IDs and expands detection of false filings with AI. A tax accountant office said annual exchange reports, bank account inflow and outflow records and CRS data are key inputs. The agency is also reviewing web and social media posts and service usage histories.
Crypto
Some countries tax bitcoin unrealised gains when taxpayers lose residency status
Some countries including Canada and Australia can levy tax on unrealised bitcoin gains when a taxpayer loses tax residency, prompting some high-value holders to consider emigration timing ahead of selling, CryptoSlate reported. Automatic exchange of crypto transaction and tax residency data under CRS and CARF is reinforcing the focus on tax residency. The OECD says 76 jurisdictions plan to join CARF, with cross-border exchanges starting in 2027. Rules vary across the UK, Spain, the United States and Puerto Rico.
Games & Commerce
Neowiz names Park Sung-jun as new CEO, shifts to development-led co-CEO structure
Neowiz has named Park Sung-jun as CEO-designate, making him the company’s first chief executive with a developer background. Park will lead the company under a co-CEO structure with current CEO Bae Tae-geun and is set to take office after board approval in August. Neowiz said the appointment aims to prioritise expertise and execution in game development as its new-title pipeline ramps up.