Japanese crypto traders will pay taxes up to 55%

Cryptotraders in Japan now have to pay a profit tax, which, depending on the annual income, can range from 15% to 55%. The maximum rate was set by the Japanese authorities for investors with an annual income of $ 365,000.

The taxation week in Japan begins on February 16 and will last until March 15. During this period, investors are required to file annual tax returns and pay taxes.

At the cryptotrading in Japan accounts for about 40% of all trades. The income from cryptocurrency transactions in Japan falls under the category of “another incomes”.

At the same time, the average tax rate for “classical” investors in the stock and currency markets is 20%.

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