ChainCatcher news, according to Coinpost, Japan’s National Tax Bureau issued a notice on the interpretation of laws and regulations on partial changes to corporate tax rules. The notice explains that cryptoassets self-issued by companies can be excluded from market capitalization valuations if conditions are met to make it easier for cryptocurrency-related companies to do business in Japan. This revision has been incorporated into the Ruling Party’s Tax Reform Charter for Fiscal Year 5.

Under previous law, if a business held virtual currencies, its unrealized gains would be taxed at the end of the period. The regulation has long been accused of "burdening businesses and hindering innovation in virtual currencies and blockchains," with some businesses choosing to do business overseas as a result of the law. (Source link)