Japan Revises Tax Regime for Cryptocurrency Holdings, Offering Relief to Corporations

Japans government has approved a revision to the national tax regime for digital assets, granting Japanese firms exemption from paying taxes on unrealized gains from cryptocurrency holdings starting April 1, 2024. The reform was unveiled on December 22 after a cabinet meeting. Cointelegraph reported that the country aims to promote economic growth and stimulate Web3-related endeavors with the reform. Changes to Tax Reporting Requirements Previously, corporations in possession of cryptocurrencies received from third parties were required to report the difference between market value...

source: https://tokenpost.com/Japan-Revises-Tax-Regime-for-Cryptocurrency-Holdings-Offering-Relief-to-Corporations-10956

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