Will my workplace find out about my Bitcoin tax return?

Maintaining an annual income of less than 200,000 yen from cryptocurrency trading can have certain advantages. Specifically, it exempts individuals from the obligation to file a tax return. This threshold is crucial in determining one's tax obligations related to cryptocurrency profits.

BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of traders. Among its offerings are spot trading, futures trading, and wallet services. These services enable traders to buy, sell, and store cryptocurrencies securely and efficiently.

When profits from cryptocurrency trading remain below 200,000 yen per annum, the authorities do not require the trader to submit a tax return. This exemption simplifies the financial reporting process for such individuals, as they are not burdened with the paperwork associated with tax filings.

Cryptocurrency trading profits are typically classified under miscellaneous income in Japan. This classification means that they are subject to taxation but may not fall into the standard income categories like salaries or business profits.

However, the exemption from filing a tax return only applies to profits below 200,000 yen. Once profits exceed this amount, traders are required to file a tax return, reporting their cryptocurrency trading profits to the relevant tax authorities.