The tax service in South Korea is now very happy and excited about the recent achievements demonstrated by its tax officers. Ever since the beginning of 2021, the South Korean Government and regulatory authorities are after-tax evaders from the cryptocurrency sector.
Since the beginning of 2021, the authorities have been making all the efforts to bring down people that have been evading taxes. After starting their work to get their hands on the tax evaders, the tax services have gotten their hands on many people.
Ever since they started with their efforts, the tax officers have caught several tax evaders. In the process, these officers have helped the tax services recover millions of dollars in the form of cryptocurrencies.
Recently, the tax service in South Korea has honored a particular tax officer that has outperformed all other officers. He has not only helped tackle many tax evaders but he has also helped catch one of the top tax evaders. The report suggests that the particular tax evader had $32.3 million worth of cryptocurrency stashed that had not been revealed.
Based on the above, the National Tax Service (NTS) has taken the stop of honoring the tax officer who has performed the best in this particular matter. The name of the particular tax officer is Hwan Byung-gwang. The National Tax Service has reportedly honored him with the title “excellent civil servant”.
Byung-gwang was responsible for pointing out the locations of many tax evaders that had been hiding large sums of cryptocurrencies. His hard work and keen understanding of the situation have helped authorities catch these tax evaders when they thought they are untouchable.
The report readied in favor of Mr. Hwang shows how his hard work and keen investigative skills helped him track and hunt down tax evaders. These evaders were hiding away $32.3 million worth of cryptocurrencies.
Mr. Hwang was also honored by all the executives at NTS as they gathered and thanked him for his input and dedication. They also gathered to take a photo with him to commemorate the ceremony. The particular ceremony was held on Saturday, June 26, 2021.
The South Korean tax services are constantly making all the efforts to track down all tax evaders. So far, the NTS has made a lot of progress and has managed to take down many of them. So far, the NTS has recorded more than 2,400 as successfully tackled and solved.
So far, the Seoul Capital has been cleared of all the tax evaders. According to data, there were around 1,500 individuals identified as tax evaders and all of them have been met with legal actions and fines.