Cryptocurrency Q&A
How much is the tax on virtual currency if you earn 10 million yen a year?
How much is the tax on virtual currency if you earn 10 million yen a year?
Starlight
Sat Dec 07 2024
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6 answers
1891
I want to know the amount of tax I have to pay on virtual currency, assuming that I earn 10 million yen annually from it.
6 answers
Giulia
Mon Dec 09 2024
If you earn an annual income of 10 million yen and your profit from virtual currency trading amounts to 2 million yen, you will be subject to a specific taxation rate.
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Sara
Mon Dec 09 2024
For the aforementioned profit of 2 million yen from virtual currency trading, your income tax liability will be calculated as 430,000 yen.
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Claudio
Mon Dec 09 2024
In addition to income tax, you will also need to pay a local tax of 200,000 yen on your virtual currency trading profits.
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WhisperInfinity
Mon Dec 09 2024
When combined, the total tax burden for your virtual currency trading profits, along with your regular income, will amount to 630,000 yen.
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CharmedSun
Sun Dec 08 2024
Now, let's consider a scenario where your annual profit from virtual currency trading doubles to 4 million yen, while your regular income remains at 10 million yen.
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