South Korea’s Tax Tribunal Orders Reinvestigation of Gift Tax Assessment in Case Involving Bitcoin Transfers via Spouse’s Account

According to Digital Asset, South Korea’s Tax Tribunal recently decided to conduct a new investigation into a case where Bitcoin transferred from a spouse’s overseas exchange account to the taxpayer’s domestic account was classified as a “gift” and taxed accordingly. In the case, the taxpayer argued that the Bitcoin in question originally belonged to them and was merely routed through their spouse’s account due to travel-related regulatory restrictions; furthermore, the Bitcoin remained in the spouse’s account for only a short period and thus should not be considered a gift.