Vice Prime Minister and Minister of Finance of Japan Taro Aso proposed to change the regime of taxation of profits from operations with cryptocurrency, Bitcoin.com reports.
In February of this year, the Japanese authorities established for cryprocurrency traders income tax on a progressive scale in the range of rates from 15% to 55%. At the same time, the National Tax Agency classified revenue from operations with digital money as "miscellaneous income". Also, the agency obliged investors to file annual tax returns.
Yesterday, on June 25, Taro Aso proposed to the Upper House of the Budget Committee to make a single taxation rate for cryptocurrency transactions. According to him, its size should not differ from stock exange tax which currently stands at about 20%.
Soon after the changes in the tax legislation on Change. org, a petition appeared asking to make the tax rate for operations with crypto-active assets in Japan the same as on the stock market. The petition was signed by 11,786 people.
According to the results of the last year in Japan, 331 payers of taxes with a cumulative income of 100 million yen (approximately $ 914 thousand) were declared by the crypto currency.