Japan and Cryptocurrencies Taxation

Find out the current regulations and tax guidelines for crypto asset taxation across Japan.

    • Are Cryptocurrencies legal in Japan?
    • Japan, the world third largest economy boasts some of it most progressive and firm cryptocurrency regulations. The Japanese regulators developed a legal framework to reduce the risk of fraud and illicit activity, to support the continuity of the cryptocurrency in their country.
    • What are cryptocurrencies considered as in Japan?
    • Japanese government treats crypto as a Commodity that is subject to income tax, capital gains tax and corporate tax.
    • Who is obligated to pay tax on crypto in Japan?
    • If you earn 200,000 Yen or more from cryptocurrency trading, you must pay tax. Although if you are hodling coins, and not trading you do not have to pay taxes
    • What will happen if I don’t pay taxes in Japan?
    • This will result in penalty taxes other than what is usually assessed when taxpayers refuse to pay. These penalties could add as much as 20 percent to what you were originally supposed to pay, plus a penalty for the delay.

Trends for Cryptocurrencies in Japan

Find out the current regulations and tax guidelines for crypto asset taxation across Japan.

Country: Japan