Golden Finance reported that at the plenary meeting of the Taxation Committee and Taxation Research Committee of the Liberal Democratic Party and the Komeito Party of Japan, the outline of the tax reform for fiscal year 2025 (Reiwa 7) was finalized. Takuya Hirai, the first digital minister of the Liberal Democratic Party's Digital Headquarters, visited the Financial Services Agency and submitted an "urgent proposal to make crypto assets an asset that contributes to the national economy" to the (Financial Services Agency). The following three points were identified as the key points in the proposal: Profits and losses from crypto asset transactions are subject to separate taxation; A regulatory framework related to crypto assets is established; Efforts are made to make cybersecurity an asset that contributes to the national economy; Congressman Hirai said that he has received general approval from Minister Kato, so it is expected that the process of specific system design will be accelerated. This time, the inclusion of taxes related to crypto asset transactions in the outline of the Liberal Democratic Party's tax reform paves the way for specific system reforms such as future tax rate adjustments, establishment of profit and loss aggregation rules, and changes in tax types. It will be displayed. Therefore, the Financial Services Agency and the National Tax Agency will begin specific system design, and businesses such as crypto asset (virtual currency) exchanges will also be able to make necessary preparations.
