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Japan Tax Agency Recovers ¥4.6 Billion in Crypto Taxes for 2024 Fiscal Year

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Japan's National Tax Agency collected ¥4.6 billion in crypto market taxes during the 2024 fiscal year, up 31.4% from ¥3.5 billion in 2023. The agency conducted 613 on-site inspections, a 14.6% increase. Crypto analysis shows higher unreported income and single-case recoveries than traditional tax audits. Focus areas include DeFi, airdrops, mining, and staking. All gains and losses across domestic and foreign exchanges must be consolidated to avoid reporting omissions.
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