According to a report by the Nikkei, the Japanese Cabinet recently approved the revised Tax Reform Outline for the fiscal year 2024. Under the new regulations, companies in Japan that hold non-self-issued cryptocurrencies will be exempt from taxation on unrealized gains at the end of the year. Taxes will only be levied when these assets are sold and profits are realized. It is reported that this bill will be submitted to the Japanese Diet for approval in January next year.
Listening to the Industry's Voice! Japan's Revised Tax Reform Outline for 2024: Tax Exemption for "Unrealized Gains" in Cryptocurrency