Home Business Token issuers in Japan exempt from 30% crypto tax on paper gains By Cointelegraph

Token issuers in Japan exempt from 30% crypto tax on paper gains By Cointelegraph

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Token issuers in Japan exempt from 30% crypto tax on paper gains By Cointelegraph

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Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20.

The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to pay taxes on paper gains on tokens they issued and held.

Law Interpretation Notification: Partial Revision of Corporate Tax. Source: National Tax Agency