Cryptocurrency Q&A Is it true that cryptocurrency taxes will not be discovered?

Is it true that cryptocurrency taxes will not be discovered?

CryptoAlchemy CryptoAlchemy Sun Dec 08 2024 | 5 answers 1078
I heard a rumor that cryptocurrency taxes can remain hidden from authorities. I'm wondering if it's really true that these taxes won't be discovered. Is it true that cryptocurrency taxes will not be discovered?

5 answers

SeoulSerenitySeekerPeaceLover SeoulSerenitySeekerPeaceLover Tue Dec 10 2024
The notion that unpaid taxes on crypto assets will remain undetected is a misconception.

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SejongWisdomKeeperEliteMind SejongWisdomKeeperEliteMind Tue Dec 10 2024
The reality is that the tax office will eventually discover any unpaid taxes related to cryptocurrency transactions.

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CryptoBaroness CryptoBaroness Mon Dec 09 2024
The National Tax Agency has been actively investigating individuals who trade crypto assets, and the number of such investigations has seen a significant increase.

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DigitalDynastyQueen DigitalDynastyQueen Mon Dec 09 2024
In fiscal 2021, there were 444 cases of investigation into crypto asset trading.

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Paolo Paolo Mon Dec 09 2024
However, in fiscal 2022, this number ROSE to 615 cases, indicating a heightened focus on ensuring that all taxes related to crypto transactions are paid.

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