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Crypto Tax Comparison: Japan vs. United States

Author: Content Editor
This article compares the different ways that Japan and the United States tax cryptocurrencies. In Japan, cryptocurrencies are classified as miscellaneous income and are subject to progressive income tax rates, ranging from 5% to 45%, with an additional 10% inhabitant tax. In the US, cryptocurrencies are treated as property and are subject to income tax and capital gains tax. Japan imposes reporting requirements on crypto earnings over ¥200,000, while in the US, taxable events include trading, selling, or spending crypto. Japan taxes a wide range of crypto transactions, while the US taxes capital gains when selling or trading crypto. Both countries offer tax exemptions for certain crypto activities. Japan is considering eliminating taxes on unrealized crypto gains held by companies, and the US may introduce new regulations in the future.

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