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Established user information inquiry system for new tax evasion exchanges by the National Tax Agency

þ The National Tax Service agreed to set up a system to allow cryptocurrency exchangers to inquire information on users who are suspected of being declined or tax evasion .

According to the current regulations, the information provider of the exchange is voluntary to the last, but after the system is enforced, obligation to provide the name, address, my number etc. of a specific user according to the request of the government occurs It seems to be.

From the viewpoint of personal information protection, it seems that the case where information can be requested is expected to be narrowed down to “users who are earning profits of 10 million yen or more in cryptocurrency transactions, at least half of which are not declared ” is.

If the profit obtained by the transaction of the cryptocurrency is more than 200,000 yen per year, it is necessary to declare it as miscellaneous income according to the income tax law, and it is necessary to decide the payment amount by the progressive taxation method according to the total amount with the income tax It is getting.

From the National Tax Agency

In the future, the government will develop and provide an electronic filing system that will make it easier for users to pay taxes, and that the system will be introduced in FY2020 and beyond.

Article source: cryptocurrency tax escape to retailers inquiry system National Tax Agency

Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/nta-information-enquiry-on-trading-platforms/

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