South Korea plans to use AI for crypto tax enforcement
The National Tax Service has opened a procurement bid for a platform to analyze crypto trading data and flag potential tax evasion.
South Korea’s tax authority is preparing to deploy artificial intelligence to track cryptocurrency investment gains as the government moves closer to implementing a long-delayed tax on digital assets.
According to a report by The Korea Times on Thursday, South Korea’s tax authority has opened a bid to build an AI-backed system to analyze cryptocurrency transaction data, as the government prepares for its planned 2027 tax on digital asset gains.
The project, valued at about 3 billion Korean won (around $2 million), will establish an integrated platform capable of processing large volumes of crypto trading data. The Korea Times reported that the NTS plans to use AI and machine learning to identify unusual transaction types and patterns and detect possible tax evasion.
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