Japan considers tax relief for domestic firms holding crypto

Japan Reforms Crypto Tax: Corporations Benefit from New Rule

Japan revises cryptocurrency taxation for corporations, removing taxes on unrealized gains and aligning with retail investor rules, effective April 2024.

Japan Eyes Tax Breaks for Companies Holding Cryptocurrency

Japan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.

Japanese Tax Agency Scrutinises Crypto Tax Violations

The Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.

Here’s What Isreal’s New Crypto Tax Legislation Means For Foreign Residents

Israel's parliament, the Knesset, has given initial approval to a bill that seeks to extend tax benefits currently available to ...

New Terra LUNA Classic Tax Burn: Nearly 30 Years to Destroy 10B LUNC

The LUNC community has voted to reduce the tax burn rate from 1.2% to 0.2%.

Crypto Tax: This Country's Tax Rate Has Just Gone Through the Roof

Lawmakers in a European country have drafted a 2023 budget that revealed a 28% tax on crypto assets held for under a year.

Why Ethereum (ETH) Merge Spell Tax Trouble for UK Crypto Stakers

Staking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.

Japan To Reform Crypto Corporate Tax Laws

The Japanese government has announced that it shall be evaluating the crypto tax rules which are applicable for corporations in ...

Officially Japan Plans to Overhaul Tax System to Prevent Crypto Startups From Going Overseas

Japan may see a reduced 20% tax on crypto earnings with new proposal

The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.