The Gyeonggi tax department used the resident registration data of “delinquents,” tracing their mobile phone numbers to detect their accounts on crypto exchanges.
The Gyeonggi Provincial Tax Justice Department — the most densely populated province in South Korea — collected 6.2 billion won ($4.6 million) of non-declared taxes in 2023 after implementing a digital tracking system aimed at the crypto accounts of tax evaders.
According to a report by Yonhap News Agency on Feb. 22, the Gyeonggi tax department used the resident registration data of “delinquents,” tracing their mobile phone numbers to detect their accounts on digital asset exchanges.
The principal innovation is a digital tracking system. Previously, the tax services had to request information from crypto exchanges on a case-by-case basis. The communication and document exchange took up to six months. According to Yonhap, the digital management system developed by the province reduced this process to around 15 days.
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Source: https://cointelegraph.com/news/south-korea-track-crypto-tax-evaders