TOKYO, Dec 2 (Bernama-Sputnik/RIA Novosti) -- The Japanese government is considering imposing a flat 20 per cent tax on profits from cryptocurrency transactions, reported Sputnik/RIA Novosti quoting a Kyodo news agency report, citing informed sources.
Currently, profits from such transactions are included in total income and can be taxed at a rate of up to 55 per cent.
The new system proposes a transition to a separate tax regime similar to that in place for securities, which, according to policymakers, could increase the attractiveness of the digital asset market.
Authorities are also preparing amendments to the Financial Instruments Act to tighten regulation of the cryptocurrency market. Under the new rules, operators will be required to ensure investor protection and disclose information upon request.
The measures are planned to be included in a package of tax amendments for the 2026 fiscal year.
--BERNAMA-SPUTNIK/RIA NOVOSTI
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