🚨 Japan National Tax Agency: 2024 Crypto Tax Collection of 4.6 billion yen, a year-on-year increase of 31%

The Japan National Tax Agency announced the latest annual survey results:

In 2024, there were a total of 613 tax investigations related to cryptocurrency transactions,

with a tax recovery amount of 4.6 billion yen (approximately over 30 million US dollars),

which is an increase of 31.4% compared to last year's 3.5 billion yen.

The number of investigations also increased by 14.6% year-on-year.

🧠 Key Focus Areas of the National Tax Agency

Whether the calculation of gains and losses from crypto transactions is accurate

Whether transaction records are complete

The reporting methods for special transactions such as DeFi, airdrops, mining, and staking

Whether assets across multiple domestic/overseas exchanges are reported collectively

The Japan National Tax Agency emphasizes:

Failure to report → Tax arrears + Penalty tax + Additional tax

No reporting: Up to a 20% penalty

Concealment/Fraud: Heavy additional tax up to 35%–40%

AI technology has been introduced for cross-checking and screening of crypto transaction data.

🔧 Japan is brewing significant tax reforms

The government and the ruling party are discussing:

Changing the taxation of crypto asset income from comprehensive taxation to separate reporting taxation (approximately 20%)

Introducing loss offsetting

Introducing a loss carryforward mechanism

Related plans are expected to be clarified in the year-end tax reform outline.