In accordance with the revision of the Inheritance Tax and Gift Tax Act (effective January 1, 2022), the daily average price of virtual assets is disclosed.
- Relevant laws:
- Article 60 of the Inheritance Tax and Gift Tax Act
- Article 65 of the Inheritance Tax and Gift Tax Act
- Article 60 of the Enforcement Decree of the Inheritance Tax and Gift Tax Act
[Information]
- The daily average price of virtual assets is updated daily.
- The daily average price of virtual assets is provided starting from December 1, 2021.
- The daily average price of a virtual asset is the total daily transaction amount for each virtual asset divided by the transaction volume.
- The daily average price is calculated based on the USDT conversion price at the time of transaction.
- The daily average price is calculated from 0:00 to 24:00 KST (Korean time).
- For inheritance tax and gift tax reporting valuations, please refer to the daily average price inquiry service scheduled to be provided by the National Tax Service in the future.