Cryptocurrency Q&A
How much tax do I have to pay if I earn 5 million yen with Bitcoin?
How much tax do I have to pay if I earn 5 million yen with Bitcoin?
Andrea
Mon Dec 09 2024
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7 answers
1662
I have earned 5 million yen through Bitcoin and I am wondering how much tax I am required to pay on this amount.
7 answers
GeishaElegance
Wed Dec 11 2024
When earning profits from Bitcoin, it's important to understand the tax implications.
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BonsaiVitality
Wed Dec 11 2024
For those who make a profit of 5 million yen a year from Bitcoin, the tax rate consists of two parts.
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KDramaLegendaryStarlight
Wed Dec 11 2024
The first part is the income tax rate, which stands at 20%.
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CryptoMystic
Wed Dec 11 2024
The second part is the resident tax, which is fixed at 10%.
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Valentina
Tue Dec 10 2024
Combining these two rates, if you earn 5 million yen from Bitcoin, the total tax amount will be approximately 704,000 yen.
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