◀ Anchor ▶
People who hide their property for not paying taxes, these days, the trick is also evolving.
The IRS has found people hiding their property with cryptocurrencies like Bitcoin.
It was only three months behind, and it is said that there were 2,400 people.
This is Seo Yoo-jung.
◀ Report ▶
Bitcoin.
It is a representative speculative asset.
Yesterday, it surpassed 70 million won for the first time ever.
It is also difficult to track compared to other financial transactions.
So it is also used for the purpose of hiding property.
Director of a hospital in Gangnam, Seoul, who is arrears in taxes of 2.7 billion won.
I didn’t report any income earned to the hospital, and I bought bitcoins with that money.
It was worth 3.9 billion won.
A real estate rich man in Gyeonggi Province.
Last year, we sold land and buildings for 4.8 billion won, and bought virtual currency with this money.
We did not pay 1.2 billion won in capital gains tax.
They bought cryptocurrency because it is difficult to track compared to stocks or cash.
But things have changed.
This is because the IRS can find them all and collect taxes.
[박광종 과장/국세청 징세법무국]
“I think there were a lot of people thinking that the Internal Revenue Service would track this part.”
The Supreme Court ruled in 2018 that cryptocurrency is also a property that can be confiscated by the state.
In March of last year, the law was revised so that cryptocurrency exchanges, like banks, report suspected illegality or large amounts of cash transactions to the financial authorities.
There is a legal basis for authorities to monitor cryptocurrency transactions.
When the IRS compared the list of high-payers with the list of cryptocurrency exchanges, there were 2,400 people who hid their property in cryptocurrency.
The IRS collected 33.6 billion won from them.
From next year, we will also impose taxes on income earned from cryptocurrency transactions.
With the IRS being able to look into it, it has become difficult to abuse cryptocurrency for tax evasion purposes.
This is Seo Yoo-jeong, MBC News.
(Video editing: Song Ji-won)
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