{"id":1428,"date":"2018-12-07T13:56:17","date_gmt":"2018-12-07T13:56:17","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=1428"},"modified":"2025-06-05T17:21:37","modified_gmt":"2025-06-05T17:21:37","slug":"profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/","title":{"rendered":"Profits from Cryptocurrency Trading Face New Tax Rules in Japan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#New_System_to_Identify_Tax-Evading_Traders\" >New System to Identify Tax-Evading Traders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Tax_Laws_on_Crypto_Profits_in_Japan\" >Tax Laws on Crypto Profits in Japan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Mandatory_Customer_Information_Disclosure\" >Mandatory Customer Information Disclosure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Focus_on_High-Value_Traders_First\" >Focus on High-Value Traders First<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Implementation_Timeline\" >Implementation Timeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Broader_Regulatory_Efforts_in_Japan\" >Broader Regulatory Efforts in Japan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p data-pm-slice=\"1 1 []\">Japanese cryptocurrency traders who have been lackadaisical about paying their taxes are in for a rude shock next year. The country\u2019s government is currently putting finishing touches to a plan that would ensure these persons pay their tax on profits from cryptocurrency trading.<\/p>\n<h3 data-start=\"441\" data-end=\"487\"><span class=\"ez-toc-section\" id=\"New_System_to_Identify_Tax-Evading_Traders\"><\/span>New System to Identify Tax-Evading Traders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"489\" data-end=\"671\">Reports from Japanese news outlets indicate that the government is designing a system to apprehend traders refusing to pay required taxes on profits made from cryptocurrency trading.<\/p>\n<p data-start=\"673\" data-end=\"875\">Sources close to the matter say the system would give power to the National Tax Agency (NTA) of Japan to \u201crequest the cryptocurrency transaction information of individuals\u201d suspected of evading tax.<\/p>\n<h3 data-start=\"882\" data-end=\"921\"><span class=\"ez-toc-section\" id=\"Tax_Laws_on_Crypto_Profits_in_Japan\"><\/span>Tax Laws on Crypto Profits in Japan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"923\" data-end=\"1104\">Currently, Japan\u2019s Income Tax Act covers any profits gained from cryptocurrency trading. Thus, individuals earning above 200,000 yen ($1,700) annually must pay tax on these profits.<\/p>\n<h3 data-start=\"1111\" data-end=\"1156\"><span class=\"ez-toc-section\" id=\"Mandatory_Customer_Information_Disclosure\"><\/span>Mandatory Customer Information Disclosure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1158\" data-end=\"1367\">The source added that cryptocurrency businesses in Japan could previously choose whether to share customer data. But with the new system, all businesses would be mandated by law to submit customer information.<\/p>\n<p data-start=\"1369\" data-end=\"1547\">Names, personal identification numbers, and addresses will be included. While this may impact the anonymity traditionally linked with cryptocurrency, it will not affect everyone.<\/p>\n<h3 data-start=\"1554\" data-end=\"1591\"><span class=\"ez-toc-section\" id=\"Focus_on_High-Value_Traders_First\"><\/span>Focus on High-Value Traders First<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1593\" data-end=\"1769\">The NTA will begin by focusing on big-time traders\u2014those suspected of earning over 10 million yen ($88,000) from cryptocurrency trading. Small-time traders remain safe for now.<\/p>\n<h3 data-start=\"1776\" data-end=\"1803\"><span class=\"ez-toc-section\" id=\"Implementation_Timeline\"><\/span>Implementation Timeline<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1805\" data-end=\"1904\">Reports say the new tax system will roll out in Japan\u2019s next fiscal year, from April 1 to March 31.<\/p>\n<h3 data-start=\"1911\" data-end=\"1950\"><span class=\"ez-toc-section\" id=\"Broader_Regulatory_Efforts_in_Japan\"><\/span>Broader Regulatory Efforts in Japan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1952\" data-end=\"2203\">This crackdown is not Japan\u2019s first. Earlier this year, the Financial Services Authority (FSA) granted <a href=\"https:\/\/icoholder.com\/blog\/blockdag-redefines-cryptocurrency-standards-for-growth\/\">self-regulatory status<\/a> to the crypto industry, allowing the Japan Virtual Currency Exchange Association (JVCEA) to monitor exchanges for violations.<\/p>\n<p data-start=\"2205\" data-end=\"2339\">Recently, the FSA considered introducing a regulatory framework for initial coin offerings (ICOs) to protect investors from fraud.<\/p>\n<h3 data-start=\"2346\" data-end=\"2360\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2362\" data-end=\"2549\">Japanese authorities are finalizing plans to target large cryptocurrency traders who evade taxes. Those earning over 10 million yen will have to submit transaction info to the tax agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese cryptocurrency traders who have been lackadaisical about paying their taxes are in for a rude shock next year. The country\u2019s government is currently putting &hellip; <\/p>\n","protected":false},"author":4,"featured_media":8376,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Profits from Cryptocurrency Trading Face New Tax Rules in Japan<\/title>\n<meta name=\"description\" content=\"Japan plans strict tax enforcement on profits from cryptocurrency trading to curb evasion among major traders - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/profits-from-cryptocurrency-trading-face-new-tax-rules-in-japan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profits from Cryptocurrency Trading Face New Tax Rules in Japan\" \/>\n<meta property=\"og:description\" content=\"Japan plans strict tax enforcement on profits from cryptocurrency trading to curb evasion among major traders - 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