Nikkei News: Japan considers tax exemption for companies’ long-term cryptocurrency gains
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash Rockets Past Key Resistance Point, Ignites Market Interest
In Brief Zcash surpassed a key resistance level, capturing market attention. The price reached 45.80 dollars, the highest since January's end. Experts warn that relying solely on technical data isn't sufficient for analysis.
Institutional Investment Surges in Bitcoin, Ethereum ETFs
Lido’s Swift Action Averts Major Ethereum Staking Loss
Nakamoto Raises $710M, Merges with KindlyMD to Boost Bitcoin Holdings
Trending news
MoreCrypto prices
More
