4 Comments

  1. coinfeeds-bot on

    tldr; Japan is set to implement a significant economic stimulus package that includes major changes to crypto taxation. The current variable ‘miscellaneous income’ tax on crypto, which can reach up to 55%, will be replaced with a flat 20% rate. This change aims to align crypto taxation with traditional investment income, simplifying tax compliance and fostering a more investment-friendly environment. The reforms, expected by 2025, are part of broader tax measures to boost consumer spending and position Japan as a leader in digital asset innovation.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. inShambles3749 on

    That’s fair. 20% flat is something that’s tolerable. Still high but alright

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