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Japan Tax Agency: 2024 Crypto Tax Audits Recover 4.6 Billion Yen

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Japan's National Tax Agency reported 4.6 billion yen in tax recovery from 613 crypto audits in 2024, up 31.4% from 2023. Audit numbers rose 14.6%. Crypto market participants are under closer scrutiny, with a focus on profit calculations, transaction records, and reporting of DeFi, airdrops, mining, and staking. Gains from multiple exchanges must be consolidated; otherwise, it may be considered a reporting omission. The agency noted that crypto analysis reveals higher unreported income and larger single-case recoveries than average income tax audits.
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