Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings.
The exemptions are applicable under two conditions, according to a local news report. Firstly, the tokens must be issued by the firm itself and held continuously since issuance. Secondly, the tokens must be subjected to “transfer restrictions” since issuance.
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