Japanese token issuers have been exempted from corporate taxes on unrealized cryptocurrency gains.
In a recent announcement, the country’s National Tax Agency revealed that it has revised its law to exempt crypto token issuers from 30% corporate taxes on unrealized gains, effective from June 20.
The move comes as Japan seeks to boost its blockchain and crypto sectors amid a push for “new capitalism”, according to Prime Minister Fumio Kishida. …
Read More: Token Issuers in Japan to Be Exempt from 30% Crypto Tax on Unrealized Gains