The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies. And the tax exemption is set to take effect nearly six months later.
Since August of the previous year, legislators in Japan have engaged in discussions regarding new tax regulations for digital assets. These discussions were part of a wider tax reform agenda for 2023. However, only this week did the tax authority finally approve the new crypto tax rules.
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These revised tax guidelines will see Japanese fintech firms that issue tokens granted an exemption from the fixed 30% corporate tax rate applied to their token holdings. This tax exemption serves as a significant benefit for these companie
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