TechFlow news: According to reports, after the cabinet approved revisions to the national tax regime for digital assets, Japanese companies will no longer be required to pay taxes on "unrealized gains" from held cryptocurrencies starting next April.
Previously, regardless of whether companies sold their cryptocurrency or not, any crypto received from third parties had to be reported based on the difference between market value and book value.
Now, however, businesses will only be taxed on profits from the sale of cryptocurrency, similar to the rules retail investors must follow under Japanese tax law.
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