Digital currencies should be considered like any foreign cu…
Digital currencies should be considered like any foreign currency. Does Japan charge 55% to convert USD into JPY la~?
Replies
No, not the dollar is.
Currently, profits from cryptocurrencies (crypto assets) are subject to a combined income tax and local tax rate of up to 55%. However, a large-scale tax reform is underway to reduce this high tax rate to a flat 20% (separate taxation).