Japan to Implement a Flat 20% Tax Rate on Gains

[Suba]

Until now, the Japanese government has implemented a progressive crypto tax system, where the tax rate on gains/profits is applied according to the level of profit. The higher the profit, the higher the tax rate, which can reach a maximum of 55%.

After much deliberation, the Japanese government and the Financial Services Agency (FSA) have decided that a flat 20% tax rate will be implemented starting in 2026. The primary purpose of this tax change is to increase trading activity on local crypto exchanges, as many Japanese crypto traders are currently using global crypto exchange platforms.

 

[Starmix]

That will be good news for the Japanese people who invested in crypto. There would be an advantage and benefits the country would have soon.