PANews reported on December 20 that according to CoinPost, the Liberal Democratic Party of Japan (LDP) is promoting cryptocurrency tax reforms. The proposed reforms include applying a separate tax rate of 20% to cryptocurrency trading profits and introducing a loss carry-forward system. Currently, cryptocurrency profits in Japan are classified as miscellaneous income, with a maximum tax rate of 55%.
Japan’s Liberal Democratic Party pushes for cryptocurrency tax reform, proposing a separate 20% tax rate
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