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cryptonews

2023-01-17 14:00:00

Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers. In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where taxes such as consumption tax (Japan’s equivalent of VAT) should be applied.... Read More: Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

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