Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market.

At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market.

This week, Takeshi Fujimaki, a Japanese congressman and lawmaker, proposed four major changes to the taxation policies surrounding the digital asset market with the objective of revitalizing the market.

Reference: https://www.ccn.com/japanese-regulator-aims-to-reduce-crypto-tax-to-revitalize-the-market/

Share this: