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Japan reduces taxes on digital assets to facilitate business operations

The National Tax Agency of Japan has announced a relaxation of its stance on imposing taxes on digital assets for companies dealing with company-issued digital currencies. Under the current rule, unrealized gains from company-issued digital currencies will not be subject to taxation. This measure aims to facilitate the operations of digital asset-related companies in Japan and attract high-growth companies to the country.

The issue of taxing digital currencies is not limited to Japan alone but is a global issue. In many countries, there are regulatory and tax challenges related to digital assets. India, the United States, Europe, and Australia, for example, have tightened tax regulations concerning digital currencies to reduce tax evasion and promote tax compliance in this field.

SourceCoin Gape

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