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Nikkei News: Japan considers tax exemption for companies’ long-term cryptocurrency gains

Nikkei News: Japan considers tax exemption for companies’ long-term cryptocurrency gains

CointimeCointime2023/12/05 23:45
By:Cointime

A proposal being discussed by Japan's ruling coalition would exempt companies from paying taxes on unrealized cryptocurrency gains if they hold digital assets. Under the proposed tax law change, cryptocurrencies held for purposes other than short-term trading would be exempt from corporate tax based on their market value at the end of each fiscal year.

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