Tax Reporting System

Japan To Introduce New Reporting System To Prevent Crypto Tax Evasion

Japan To Introduce New Reporting System To Prevent Crypto Tax Evasion

Japan has announced its plans to introduce a new reporting system for crypto-based transactions. The government is looking forward to implement a global crypto tax strategy that will enable the National Tax Agency (NTA) to gather data from transaction intermediaries. The NTA will have the authority to access information about customers who fall under the tax evasion.