Japan’s Financial Services Agency Considers Taxing Cryptocurrencies as a Financial Asset

Photo of author

By Maya Cantina

kzy dor ycm sgv wzr ylw ukj bww ndx tit avd dqu qof nad rzk mke oom wku xpy jfy paa wfe glc kbb gjp fig mra oml ism bas

Any change could result in crypto holders with higher earnings paying a lower tax rate. The country currently taxes cryptocurrencies profits as incomewhich can be as high as 45% for people earning more than 40,000,000 yen ($276,000). Capital gains from sales of securities such as stocks face a flat 20% tax.

Source link

Leave a Comment