BiyaPay Analyst: South Korean Residents' Overseas Service Virtual Asset Income is Taxable, BiyaPay Helps Users Navigate Global Tax Policy Changes

By: theblockbeats.news|2025/07/10 20:31:55

BlockBeats News, July 10th, the South Korea National Tax Service recently clarified that residents receiving virtual assets in the form of income from overseas companies are also required to declare comprehensive income tax. This policy requires that if a Korean resident receives virtual assets from a foreign company as compensation under a separate incentive contract and has not undergone withholding tax through a tax combination, they must declare comprehensive income tax.

This case involved Singaporean Company B issuing virtual assets to employees of its Korean subsidiary Company C as compensation. The employees directly signed an incentive contract with Singaporean Company B, engaged in blockchain and cryptocurrency exchange-related work, and received compensation in the form of virtual assets. This change marks that multiple countries worldwide are strengthening tax regulations on virtual assets, especially regarding cross-border income and the sources of cryptocurrency income.

In response to this trend, BiyaPay helps users efficiently manage digital currencies, assisting them in coping with global tax policy changes more easily.

Advantages provided by BiyaPay:

1. Multi-legal currency exchange: Supports USDT deposits for exchange into over 30 different legal currencies such as US dollars, euros, Hong Kong dollars, Singapore dollars, etc., and provides a zero-freeze card withdrawal service to ensure fast and secure remittances.

2. Convenient cryptocurrency exchange: Supports the exchange of over 200 cryptocurrencies such as BTC, Ethereum, etc., with spot and contract limit order transactions having zero transaction fees, significantly reducing trading costs.

3. Barrier-free trading of US and Hong Kong stocks: Users can trade US and Hong Kong stocks using USDT without needing to apply for an offshore account, easily participating in global stock trading and seizing investment opportunities in real-time.

BiyaPay empowers global users to smoothly conduct cross-border remittances, cryptocurrency transactions, and global investments amidst changing tax environments. We will continue to provide users with innovative, secure, and efficient financial services.

-- Price

In-depth analysis of Hashkey's IPO financial report: the platform token HSK is cleverly classified by the official as "contract liabilities" to smooth profits, and the expectation of up to 95% "dead coins" reveals a significant misalignment between the company's compliance logic and investors' specu...

How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?

Chip giant Micron Technology's total market value has surpassed $100 billion. It has navigated multiple rounds of industry reshuffling by controlling manufacturing costs and is currently facing a new cycle of competition in the high-end HBM segment, mid-to-low-end market competition, and adjustments...

Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement

Committed to becoming the "Stripe" of the AI payment era.

2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique

Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.

B.AI partners with BNB Chain to launch the "Billion AI Token Subsidy" celebration, fully igniting the on-chain intelligent agent ecosystem

B.AI partners with BNB Chain to launch a hundred billion points subsidy program, with an additional special incentive of 8,000 USDT in the total prize pool, helping Web3 players access top large models with zero barriers and experience a full-stack AI financial foundation.

The trillion-dollar frenzy of selling memory, profits from buying memory are halved

The demand for computing power and storage by AI may indeed be structural, and LTA may have truly rewritten the industry rules; a trillion-dollar market value may just be the starting point.

Who can make money in the era of Agents?

The next billion users will be Agents, but the crypto world has not yet found their wallets.

From brokerages to banks, Hong Kong intensifies efforts to clean up cross-border investment account openings

Where there is a large market demand, there will be opportunities in Hong Kong.

DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code

April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.

Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold

Overview of Important Market Events on May 25

Insiders betting on Musk are reaping "historic returns."

SpaceX submitted its S-1 prospectus for the largest IPO in history, disclosing details of Class A shareholdings, significant losses in the AI sector, and multiple related party transactions, with an expected listing in mid-June.

Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?

On one side is the collective withdrawal of lending and collateral-type vaults, while on the other side is the counter-trend growth of RWA and curation vaults. On-chain vaults are no longer a single market, but rather eight increasingly differentiated tracks. This ten-thousand-word research report t...

Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices

AI + Privacy + Buyback.

Visa and Stripe are both working on stablecoins, but their focus is not on payments

Why do businesses still need stablecoins? What problems do stablecoins actually solve?

How Traders Keep Profits When PEPE WLD and FET Start Moving Fast Again

PEPE, WLD and FET are moving fast again as crypto volatility returns in 2026. Here’s how active traders are adapting to fast altcoin markets, reducing trading friction, and keeping more profits during high-frequency trading.

It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere

How can a system born from decentralization and without permission embed regulatory frameworks based on sovereignty, licensing, and consumer protection?

Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered

Overview of Important Market Events on May 26

Bankless Founder: Why I Sold All My ETH

We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.

Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?