South Korea will impose a 20% capital gains tax on digital currencies, starting at 2.5 million won

According to Yonhap News Agency, South Korea released a proposed 2020 tax law amendment, which will include digital currency in other income and will impose a 20% capital gains tax on it. According to Newsis, the tax starting point is 2.5 million won a year, and the government will impose a 20% capital gains tax on digital currency revenues exceeding 2.5 million won per year.