Japan: crypto asset taxation proposals

On 31 August 2022, Japan’s Financial Services Agency (FSA) announced the publication of its request for tax revisions for fiscal year 2023. One of the proposals in the FSA’s request is an exemption from corporate taxation for net unrealised gains on crypto assets, which currently are subject to taxation based on year-end mark-to-market valuation.

For further information, please contact Alex Dean Waters.

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