According to Bitjie, Japan’s ruling Liberal Democratic Party and Komeito Party have outlined a 2026 tax reform plan that reclassifies cryptocurrency as a legitimate 'asset-forming financial product.' The reform introduces a 20% separate tax rate for spot trading, derivatives, and crypto ETFs or trusts, with a three-year loss carryforward. However, staking rewards, lending income, and NFTs remain classified as miscellaneous income, taxed at up to 55%. A new category, 'specific crypto assets,' will likely apply only to tokens listed on regulated exchanges, excluding unlisted altcoins and decentralized protocols. The reform also introduces stricter reporting requirements and raises concerns about future 'exit taxes.'
Japan to Reform Crypto Tax Rules in 2026, Reclassifies as Financial Asset
币界网Share
Summary
Japan to update cryptocurrency rules in 2026, reclassifying digital assets as financial products under new tax reforms. The plan sets a 20% tax rate for spot trading, derivatives, and crypto ETFs, with a three-year loss carryforward. Staking rewards and NFTs remain taxed at up to 55%. The reform introduces stricter reporting and raises concerns about potential exit taxes. Digital asset news highlights the shift toward formalizing crypto within Japan’s financial framework.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.