South Korea could impose capital gains tax on digital currencies if a bill sails through its legislature. According to local reports, the country is seeking to impose a 20% tax on digital currencies.
South Korea has been working on digital currency taxation for several months now. In May, the Ministry of Economy and Finance proposed amendments to the tax bill that would see the government impose income tax on digital currencies. It also claimed to be debating the possibility of imposing capital gains tax as well.
