Japan's Crypto Tax Cut Comes With a Compliance Headache, BCCC Warns
- —The 20.315% rate (15% income + 5% local) could apply from January 2028
- —Staking and mining income would stay under comprehensive taxation
- —DeFi transactions and gas fees are hard to process automatically
- —BCCC plans to submit proposals to financial regulators every 3-4 months
Why it matters: If DeFi and gas-fee calculations are not simplified, Japanese yen stablecoins and DeFi services could lose competitiveness.
Source: BITTIMES