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Japan to Lower Crypto Gains Tax to Flat 20% by 2026

The government aims to reduce the current crypto gains tax rate, which can reach 55%, to a unified 20% starting in fiscal year 2026.

Summary

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Terms & Concepts
  • Crypto Gains Tax: A tax imposed on profits earned from the sale or trading of cryptocurrencies, calculated based on applicable national tax laws.
  • Flat Tax Rate: A uniform tax percentage applied to all taxable income or gains, regardless of the amount or taxpayer's income bracket.