Japan to Enforce Less Stringent Crypto Tax Rules Japanese cry | https://t.me/CryptoMarketUpdates

Japan to Enforce Less Stringent Crypto Tax Rules

Japanese crypto issuers might no longer have to pay 30% corporate tax on their holdings as of April 1, 2023. The ruling body currently requires such firms to pay 30% on their ownings even if they haven’t gained profits through a sale.

Japan’s ruling political party – The Liberal Democratic Party – aims to ease corporate tax legislation for domestic crypto issuers and thus stimulate such entities to operate in their homeland. Prime Minister Fumio Kishida’s cabinet is expected to complete its annual taxation standards by the end of 2022 based on the Liberal Democratic Party’s decisions. The relaxed rules could come into force as of April 1, 2023.

Source

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