Search results for Tax audits
Crypto
Kazakhstan to exempt personal crypto trading gains from income tax for 3 years
Kazakhstan will exempt individual investors from personal income tax on profits from trading digital assets for three years under a presidential decree signed by President Kassym-Jomart Tokayev. The measure, prepared jointly by the AI and Digital Development Ministry, the National Bank and the Astana International Financial Centre, excludes assets linked to fraud, money laundering or unlicensed crypto services. Authorities also outlined steps to manage mining-related power demand and prepare follow-on taxation rules.
Finance
South Korea tax agency launches special tax probe into Meritz Securities over alleged tax evasion
South Korea\'s National Tax Service has launched an irregular tax audit into Meritz Securities after spotting suspected tax evasion. Investigators from the Seoul Regional Tax Office’s Investigation Bureau 4 visited the firm’s headquarters in Seoul’s Yeongdeungpo district to secure accounting and other materials needed for the probe. The move comes three days after similar audits began at Hana Financial Group and Hana Bank, prompting attention to a possible expansion across the wider financial industry.
Games & Commerce
NTS finds tax evasion in food monopoly crackdown; OB Beer 100 billion won, Binggrae 20 billion won
OB Beer and Binggrae were hit with additional taxes after South Korea\'s National Tax Service found signs they avoided taxes by inflating expenses through rebates and related-party transactions. The tax agency said it uncovered 389.8 billion won in tax evasion by companies that raised prices while using dominant positions, and collected 178.5 billion won in additional taxes. It plans further audits targeting processed foods, distributors and franchise headquarters.