News from Japan indicates that the government and the ruling party plan to implement major tax reforms for encryption asset trading.

The current plan is: regardless of how much you earn, a uniform tax rate of 20% will be applied - 15% for national tax and 5% for local tax. This tax rate is exactly the same as that for traditional financial products such as stocks and funds.

In simple terms, it is about wanting to reduce the tax burden on encryption transactions to stimulate the local market. After all, the current progressive tax rate can reach as high as 55%, which indeed discourages investors.

If all goes well, this matter will be included in the 2026 tax reform outline, and it should be finalized by the end of the year. For Japanese encryption players, this is pretty good news.

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TokenomicsShaman

· 6h ago

Japan's recent actions are quite interesting, cutting from 55% directly to 20%, finally treating encryption as a serious financial product. Finally, a country has figured it out; high tax rates are just driving investors to Rug Pull. If it's settled within 56 years, Japan's crypto market is likely to have another wave of activity.

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MetaverseHermit

· 12-01 09:47

It should have been like this long ago; Japan's recent actions seem to show they've awakened. Who can withstand a 55% tax rate? It directly forces people to go overseas. With a 20% tax rate, it indeed puts it on the same level as stocks, and it looks like the Japanese government is finally treating encryption as a serious asset. It would be good if it can be implemented by 2026, but I'm afraid it will be delayed and changed again.

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MEVSandwich

· 12-01 09:46

Finally, someone has taken action on encryption, a tax rate of 55% is indeed outrageous. Wow, Japan's move is clever, directly aligning with stocks. Wait, it won't be finalized until 2026? We have to wait two years? It's getting competitive, countries are all vying for this piece of the cake.

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NFTregretter

· 12-01 09:43

55% reduced to 20%? Japan's recent actions are indeed rational, finally viewing encryption as a serious financial product.

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ShitcoinConnoisseur

· 12-01 09:25

Wait, a 20% flat tax rate? Japanese crypto players must be laughing now, they were scared off by the 55% Really? A government finally wants to wake up, but this won't be decided until 2026? That's too slow Japan is making a good move here; domestic trading is sure to become more active Wow, cutting from 55% directly to 20%, that's quite a leap It feels like the Japanese government really wants to seize the discourse power in the crypto market But that said, how much impact will this have on the Chinese community?

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MoonlightGamer

· 12-01 09:18

Wow, Japan's move this time is quite amazing, reducing from 55% directly to 20%, who can withstand this? Oh my, finally a country is friendly to us encryption people, the Japanese government is serious this time. A fixed tax rate of 20%? Much more reasonable than the domestic tax system, winners in Japan's crypto world. Wait, is this for real? If this is implemented, Japan's crypto market could To da moon. I just want to know when it will be our turn to optimize the tax system, it's frustrating. Japan is the best, now Japanese crypto players are in luck, while other countries are still exploring. Reducing from 55% to 20%, how many people will flow back? Long-term Favourable Information.

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