As Japan Election Looms, Political Parties Emphasize Need to Reform Crypto Tax Regulations

2024-10-23 13:32

Japan’s Democratic Party for the People is trying to attract crypto-conscious voters with tax system reforms. But it’s not alone.

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Japan is working to simplify cryptocurrency tax filing system

Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. On October 17, the commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting to discuss potential improvements to the process. The committee […]

2018-10-22 12:11


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Japan wants to remove its progressive crypto tax rate

However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Accounting software company Freee described, “Miscellaneous income is subject to comprehensive taxation, and the tax rate is decided according to the amount combined with other income such as salary income.” The

2018-6-26 11:42