CoinVoice has recently learned that according to Coinpost, the chief investigator of the Web3 Working Group of the Digital Society Promotion Headquarters of the Liberal Democratic Party of Japan, Member of Parliament Akihisa Shiozaki, reported that the Liberal Democratic Party’s Policy Research Committee officially approved (an urgent proposal to convert crypto assets into assets that benefit the national economy) on the 19th.
The report pointed out that under the current tax system, income generated by crypto asset transactions is in principle classified as miscellaneous income and is taxed comprehensively at a maximum rate of 55% (income tax and resident tax combined), which is more harsh than in other countries. The report also mentioned that the taxation of crypto assets is more severe than in other countries.
In light of the above points, and whether crypto assets should be considered as financial assets that should be invested in by the public, the following points should be considered:
The gains and losses generated from crypto asset transactions will be changed to a "taxation with separate reporting" system with a tax rate of 20%. Losses from crypto asset income will be allowed to be carried forward and deducted (can be used in the next 3 years). Crypto asset derivative transactions will also be subject to the "taxation with separate reporting" system. [Original link]