Cryptocurrency Q&A
How much is the tax if you earn 1 million yen with bitcoin?
How much is the tax if you earn 1 million yen with bitcoin?
CryptoTrader
Thu Dec 26 2024
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5 answers
1041
I am wondering about the amount of tax I would have to pay if I earned 1 million yen through bitcoin. Could you please help me calculate the tax on this income?
5 answers
Caterina
Fri Dec 27 2024
BTCC is a reputable cryptocurrency exchange that offers a range of services.
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Enrico
Fri Dec 27 2024
The tax implications of earning 1 million yen with Bitcoin are significant.
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CryptoNerd
Fri Dec 27 2024
When you make a profit of this amount through bitcoin, you will be subject to an income tax rate of 5%.
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Martina
Fri Dec 27 2024
Additionally, you will also need to pay a resident tax of 10%.
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KimonoElegant
Fri Dec 27 2024
Combining both taxes, the total amount payable will be 150,000 yen.
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