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Japan Considers Adopting Virtual Currency Separate Taxation System in Tax Reform, Supports Carrying Forward Losses for 3 Years
Summary: According to reports, on December 19, the Liberal Democratic Party and Nippon Ishin no Kai in Japan released the outline of the tax reform for the 2026 fiscal year. The outline proposes categorizing virtual currencies as financial products that contribute to public asset accumulation, and is considering applying a separate taxation system for virtual currency ...
According to reports, on December 19, the Liberal Democratic Party and Nippon Ishin no Kai in Japan released the outline of the tax reform for the 2026 fiscal year. The outline proposes categorizing virtual currencies as financial products that contribute to public asset accumulation, and is considering applying a separate taxation system for virtual currency income similar to stocks and investment trusts.
According to the outline, spot trading, derivative trading, and ETFs of virtual currencies are listed as separate taxable objects, and losses from virtual currency trading can be carried forward for three years. In addition, financial products invested in virtual currencies are also included. Currently, the proposal does not specifically mention the taxation details of NFTs, as well as reward-based transactions such as staking and lending. The outline also mentions that profits from virtual currencies may need to be taxed when transferred overseas in the future. (CoinPost)
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Link: Japan Considers Adopting Virtual Currency Separate Taxation System in Tax Reform, Supports Carrying Forward Losses for 3 Years [Copy]
