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The Japan Crypto Asset Business Association and JVCEA have jointly submitted a request to the government for tax reform in 2025 on crypto assets
According to CoinPost, the Japan Crypto Asset Business Association (JCBA) and the Japan Crypto Asset Exchange Association (JVCEA) have jointly submitted a request to the government for tax reform in 2025 regarding cryptoassets (virtual currencies). Under the current tax system, income generated from virtual currency transactions is generally classified as miscellaneous income and is therefore subject to comprehensive tax. The income tax levied on miscellaneous income ranges from 5% to 45%.
2024-07-31 05:42:59
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