This FAQ Focuses on Topics Related to Year End Mark-to-Market of Cryptos for Corporation Tax Purposes On January 20, 2023, the National Tax Agency (NTA) published a guidance titled “Year End Mark-to-Market Treatment of Cryptocurrencies Held by Entities (Information)”….
Some of the existing questions about calculating taxes for NFTs have been clarified On January 13, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of NFTs (Information)”. This is probably the first time the NTA…
Background If you have any business relationships with customers in Japan, you may have heard that Japanese Consumption Tax (JCT) will be going through significant changes in 2023. The TLDR (Too Long, Didn’t Read); Only Qualified Invoices can be…
Useful Links Towards Year End When Preparing for Crypto Tax in Japan Since 2017, the Japanese National Tax Agency (NTA) has been releasing an FAQ on how transactions involving bitcoin and crypto assets are taxed. Here are the links…
Crypto Traders Beware! Significant Changes In Determining Whether Income is Business Related or Not On December 22, 2022, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the…
Very Few Changes From the June 2021 Update, “Staking and Lending” Now Added to the FAQ On December 22, 2021, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the sixth…
Very Few Changes Compared to the 2020 FAQ, New Question on “Lending” On June 30, 2021, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the fifth time (the first was…
Very Few Changes Compared to the 2019 FAQ, “Cryptocurrency” Now “Crypto Asset” On December 18, 2020, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the fourth time (the first was…
Japanese Tax Authorities Releases FAQ (Ver3) on Crypto Taxes Compared to the FAQ in 2018, Version 3 covers a wider range with dedicated section on corporate tax On December 20, 2019, the National Tax Agency (NTA) published a guidance…
Taxation on Crypto Unrealized Gains (Losses) for Entities With the 2019 Corporate Tax Reform now in effect, unrealized gains (and losses) from cryptocurrencies held by entities will be subject to taxation. The impact of this change is significant for…