The National Tax Agency Releases Case Examples of Q&A on Final Valuation of Virtual Currency Corporation Tax

Virtual currency corporate tax rules On the 20th, the National Tax Agency of Japan published a question and answer example regarding the valuation of the end-of-term market value of crypto assets (virtual currencies) under the corporate tax law. Relation: National Tax Agency presents important guidelines for taxation of NFT transactions such as blockchain games This information was created based on the laws and regulations as of January 1, 2023. Regarding the partial revision of the rules on corporate taxation of crypto assets, it is still at the stage of being described in the “Outline of Tax Reform” for FY2023, and