{"id":25231,"date":"2023-12-25T11:28:23","date_gmt":"2023-12-25T11:28:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/japan-ends-corporate-tax-on-unrealized-crypto-profit\/"},"modified":"2023-12-25T11:28:23","modified_gmt":"2023-12-25T11:28:23","slug":"japan-ends-corporate-tax-on-unrealized-crypto-profit","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/japan-ends-corporate-tax-on-unrealized-crypto-profit\/","title":{"rendered":"Japan ends corporate tax on unrealized crypto profit"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1703500648764-72aad293-ea6e-4b6f-9bd3-a88b415462b9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1703500648764-72aad293-ea6e-4b6f-9bd3-a88b415462b9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1703500648764-72aad293-ea6e-4b6f-9bd3-a88b415462b9-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1703500648764-72aad293-ea6e-4b6f-9bd3-a88b415462b9-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Japan has scrapped corporate tax on unrealized profits<\/li>\n<li dir=\"ltr\">Companies holding unrealized gains on their crypto assets will not pay tax on them as from April 1, 2024.<\/li>\n<\/ul>\n<p dir=\"ltr\">Japan is reportedly doing away with corporate tax on unrealized profits from <a href=\"https:\/\/coinjournal.net\/news\/\">cryptocurrency<\/a> holdings, according to the latest news by local media outlets.<\/p>\n<h2 dir=\"ltr\">Japan changes corporate tax law on crypto<\/h2>\n<p dir=\"ltr\">Per the news updates, companies and institutions holding crypto will not pay tax on their \u201cunrealized gains\u201d from April 2024.\u00a0<\/p>\n<p dir=\"ltr\">The cabinet approved the tax changes on December 22, local media outlet Nikkei <a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOUB195YC0Z11C23A2000000\/\" rel=\"noopener noreferrer\" target=\"_blank\">reported<\/a>. The new tax regime will take effect on April 1, 2024 \u2013 the date that <a href=\"https:\/\/coinjournal.net\/news\/tag\/japan\/\">Japan<\/a>\u2019s fiscal year starts.<\/p>\n<p dir=\"ltr\">This follows the Japanese government\u2019s approval of a revision to the country\u2019s tax law as applies to companies that hold digital assets issued by third parties. Companies are set to only get taxed on realized profits- after they sell.<\/p>\n<p dir=\"ltr\">As it stands and per the law, corporate crypto holders are subject to taxation on the \u201cmark-to-market valuation\u201d of their assets every fiscal year. However, with the revision, companies that hold unrealized cryptocurrency profits will not be subject to this tax.<\/p>\n<p dir=\"ltr\">In June, Japan\u2019s tax agency clarified that crypto issuers were no longer subject to the 35% capital gains tax.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/japan-removes-corporate-tax-on-unrealized-crypto-profit\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Japan has scrapped corporate tax on unrealized profits Companies holding unrealized gains on their crypto assets will not pay tax on them as from April 1, 2024. Japan is reportedly doing away with corporate tax on unrealized profits from cryptocurrency holdings, according to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25231"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25231"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25232"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}