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加密税改

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Japan to launch major cryptocurrency tax reform in 2024Starting in 2024, Japan is likely to eliminate crypto taxes on unrealized gains on cryptocurrency investments, which will bring a major shift for investors. At a recent cabinet meeting on December 22, the Japanese government finalized the outline of crypto tax reforms for fiscal year 2024. The reform comes with a major amendment affecting businesses holding crypto assets. The amendment eliminates the period-end mark-to-market valuation tax that previously applied to companies holding crypto-assets (virtual currencies) issued by third parties. As a result, companies will now only be taxed on profits from virtual currency and token sales, in line with the tax regime for individual investors. The amendment aims to reduce the tax burden on businesses involved in holding and operating crypto assets.

Japan to launch major cryptocurrency tax reform in 2024

Starting in 2024, Japan is likely to eliminate crypto taxes on unrealized gains on cryptocurrency investments, which will bring a major shift for investors.

At a recent cabinet meeting on December 22, the Japanese government finalized the outline of crypto tax reforms for fiscal year 2024. The reform comes with a major amendment affecting businesses holding crypto assets. The amendment eliminates the period-end mark-to-market valuation tax that previously applied to companies holding crypto-assets (virtual currencies) issued by third parties.
As a result, companies will now only be taxed on profits from virtual currency and token sales, in line with the tax regime for individual investors. The amendment aims to reduce the tax burden on businesses involved in holding and operating crypto assets.
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