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Japanese Tax Authorities Releases FAQ (Ver7) on Crypto Taxes

Kensaku Kimura
Posted: 2023-02-25
Last updated: 2023-02-25

Crypto Traders Beware! Significant Changes In Determining Whether Income is Business Related or Not On December 22, 2022, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the seventh time (the…

Japanese Tax Authorities Release FAQ – Year End Mark-to-Market of Cryptos Held by Entities

Kensaku Kimura
Posted: 2023-01-22
Last updated: 2023-02-06

This FAQ Focuses on Topics Related to Year End Mark-to-Market of Cryptos for Corporation Tax Purposes On January 20, 2023, the National Tax Agency (NTA) published a guidance titled “Year End Mark-to-Market Treatment of Cryptocurrencies Held by Entities (Information)”….

Japanese Tax Authorities Releases FAQ on NFT Taxes

Kensaku Kimura
Posted: 2023-01-16
Last updated: 2023-02-06

Some of the existing questions about calculating taxes for NFTs have been clarified On January 13, 2023, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of NFTs (Information)”. This is probably the first time the NTA…

How to Register as a JCT Qualified Invoice Issuer

Kensaku Kimura
Posted: 2023-01-13
Last updated: 2023-02-06

Are You Prepared for the Upcoming Changes to Japanese Consumption Tax? In previous articles, we’ve been covering the upcoming changes to JCT. Upcoming Changes to Japanese Consumption Tax in 2023 The important points are: Japanese tax authorities will be…

Qualified Invoice Format Under JCT

Kensaku Kimura
Posted: 2023-01-09
Last updated: 2023-02-06

Background As mentioned in our previous post, the Japanese Consumption Tax (JCT) will be going through major changes in 2023. Upcoming Changes to Japanese Consumption Tax in 2023 The key points regarding these changes are: Japanese tax authorities will…

Japanese Consumption Tax (JCT) – Non-taxable Good & Services

Kensaku Kimura
Posted: 2023-01-05
Last updated: 2023-02-05

Overview Today’s post will be Part 3 of a series on Japanese Consumption Tax (JCT) that we’ve been doing the past few days. Links to previous JCT related posts: Introduction to Japanese Consumption Tax (JCT) Japanese Consumption Tax (JCT)…

Japanese Consumption Tax (JCT) – Scope and Who Pays the Tax

Kensaku Kimura
Posted: 2023-01-03
Last updated: 2023-02-05

Overview In a previous post, we introduced some basic characteristics of JCT. Introduction to Japanese Consumption Tax (JCT) In this post, we’ll be looking at the scope of JCT and who actually pays the tax. Scope of JCT…

Introduction to Japanese Consumption Tax (JCT)

Kensaku Kimura
Posted: 2022-12-29
Last updated: 2023-02-05

Overview – Characteristics of JCT Japan’s consumption tax (JCT) is a tax on the consumption of goods and services in Japan. The tax consists of national tax and local tax and are both referred to as consumption tax. JCT…

Upcoming Changes to Japanese Consumption Tax in 2023

Kensaku Kimura
Posted: 2022-12-27
Last updated: 2023-02-06

Background If you have any business relationships with customers in Japan, you may have heard that Japanese Consumption Tax (JCT) will be going through significant changes in 2023. The TLDR (Too Long, Didn’t Read); Japanese Tax Authorities will be…

Taxation of Crypto Assets (FAQ) – Links to Official NTA Releases

Kensaku Kimura
Posted: 2022-12-21
Last updated: 2023-02-05

Useful Links Towards Year End When Preparing for Crypto Tax in Japan Since 2017, the Japanese National Tax Agency (NTA) has been releasing an FAQ on how transactions involving bitcoin and crypto assets are taxed. Here are the links…