What are the tax implications of buying and selling bitcoin in Japan?

1 answers

• Dec 16, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi cannot provide specific tax advice for buying and selling bitcoin in Japan. However, we can provide general information. In Japan, bitcoin transactions are subject to taxation, and capital gains from bitcoin trading are taxable. The tax rate for capital gains on cryptocurrency transactions in Japan can range from 15% to 55%, depending on the individual's income bracket. It's important for cryptocurrency investors to accurately report their transactions and comply with the tax regulations. Failure to do so can result in penalties and fines. It's recommended to consult with a tax professional or seek guidance from the Japanese tax authorities for personalized advice and assistance.
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