According to ChainCatcher, the Japanese Financial Services Agency has released tax reform requirements for fiscal year 2025, which include relevant regulations on crypto assets. The "Asset Income Doubling Plan and the Realization of the Asset Management State" section of the reform plan mentioned the tax treatment of virtual currency transactions for the first time, discussing whether virtual currencies should be treated as financial assets.
The tax reform request was submitted by various government agencies and will be reviewed by the ruling party's tax investigation committee and the National Assembly. Although the request for revision has been submitted, no final decision has been made. Over the past two years, there have been calls for tax reforms for virtual currency companies. Although the specific revisions were not detailed this time, virtual currency transactions were mentioned for the first time.
