Home / Crypto News / National Taxation Agency publicly announces tools to automatically calculate taxes on cryptocurrency and FAQ on tax

National Taxation Agency publicly announces tools to automatically calculate taxes on cryptocurrency and FAQ on tax

The National Tax Agency released a “FAQ on the taxation of the cryptocurrency” that summarizes the questions on the cryptocurrency tax and a tool to automatically calculate the tax of the cryptocurrency .

Although it is announced last year that tax is calculated as miscellaneous income in the tax return of the cryptocurrency, how to calculate when trading at multiple exchanges, when using overseas exchanges, etc. , There was trouble that it takes time and labor.

In order to improve such situation and support the user’s proper tax payment, the National Tax Agency held “a study group on environmental improvement such as declaration on cryptocurrency transaction etc.” several times.

An annual transaction report is delivered to each user from each cryptocurrency exchange operator from the final tax return for this year. Tax is automatically calculated by entering the information (calculated statement) released by the National Tax Agency.

Websites and tools that automatically calculate cryptocurrency taxes have already been released from many companies, but from now on you can calculate more appropriate taxes by using the statements of the National Tax Agency.

Article Source: About the Publication of “cryptocurrency Relations FAQ”

Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/kokuzeicho-releases-tax-faq/

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