June 25 (Cointime) - The National Tax Agency in Japan has revised a law that exempts token issuers from paying corporate taxes on unrealized cryptocurrency gains. The tax exemption was approved by the Japanese government six months ago, but the tax authority has only given final approval this week. Under the new rules, Japanese firms issuing tokens are exempt from paying a set 30% corporate tax rate on their holdings, making it easier for various companies to do business that involves issuing tokens. Japan's crypto regulations are among the strictest in the world, and the country has been enforcing stricter Anti-Money Laundering measures since June 1.
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