Japan plans to exempt long-term corporate holdings of cryptocurrencies from capital gains tax
On December 5th, the Liberal Democratic Party and Komeito held a tax investigation meeting and approved the tax reform requirements of various government departments. The Japanese government and ruling party plan to modify the taxation system for companies holding virtual currencies. For virtual currencies that are held for long-term purposes by corporations other than short-term trading, capital gains tax will be exempted at the end of the term. (Nikkei Asian Review)
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