New Economy Federation Calls for Flat 20% Separate Taxation on Crypto, Including Peer-to-Peer Trades

RegulationDigital Finance
โดย NADA NEWS·JP·Read original
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The New Economy Federation on September 11 called for a flat 20% separate declaration tax on gains from cryptocurrency transactions. The proposal, set out in its fiscal 2027 tax reform recommendations released the same day, would also cover direct peer-to-peer trades that do not go through a domestic exchange. The Ministry of Finance's fiscal 2026 tax reform outline indicates a policy of introducing a separate declaration tax of 15% income tax and 5% resident tax, for a total of 20%, on certain cryptocurrency transactions, but in principle sales must go through a domestically registered operator and involve designated cryptocurrencies, meaning direct peer-to-peer trading is expected to fall outside the 20% scope. The New Economy Federation aims to unify tax rates regardless of the transaction route and make the system easy for users to understand, and it also called for a mechanism allowing losses to be deducted from profits in subsequent years, seeking to extend the government's planned carryforward of up to three years to a broad range of transactions including peer-to-peer trades. A revised law moving the regulatory foundation for crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act was enacted on July 15, and the 20% separate declaration tax is scheduled to begin on or after January 1 of the year following the revised law's enforcement, with the specific start date and eligible crypto assets to be determined through future institutional arrangements.

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