Japan to ease crypto taxation under new stimulus package
Japan is advancing a landmark economic stimulus package that includes a significant overhaul of current taxation rules for crypto, local media reported on Nov. 20.
Prime Minister Shigeru Ishiba has pledged bipartisan cooperation to pass sweeping reforms aimed at easing the financial burden on crypto investors and strengthening the country’s position as a leader in digital asset innovation.
The proposed changes would replace Japan’s variable “miscellaneous income” tax on crypto, which can reach up to 55%, with a flat 20% rate.
The move seeks to align digital asset taxation with that of traditional investment income, simplifying tax compliance for crypto traders and fostering a more investment-friendly environment.
The revisions are…
