Under Japan’s current taxation laws, unrealized capital gains on virtual currencies are recognized as income at the end of each fiscal year (on March 31), resulting in income tax liabilities. In addition, both individual and corporate crypto earnings of over 200,000 JPY ($1,463) in any given fiscal year are classified as “miscellaneous income,” which is taxed at a rate ranging from 15% to 55%, with the local inhabitant’s tax rate included. In comparison, profits earned from stock and forex trading are only subjected to a tax of 20% at the highest levels.
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com
