CandleFocus Japan’s controversial crypto tax system set for review in 2025
2024-12-21
Author: Content Editor
The Japanese government has included virtual currencies in its 2025 tax reform outline, potentially overhauling the country's crypto tax system. Currently, crypto gains can be taxed at rates as high as 55% or even 110% for inheritance taxes. The ruling Liberal Democratic Party (LDP) has finalized an outline for tax reform and future considerations for the tax system regarding crypto assets. Crypto investors in Japan have been advocating for a separate 20% tax rate for crypto gains, as well as the ability to offset losses. Concrete movements towards reform are expected, but the current tax law remains complex.
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