A Tax Reform request for FY2026(Crypt Asset)

The Financial Services Agency (FSA) has submitted a tax reform request for FY2026 that includes a review of taxation on crypto asset transactions.

Key Points:

·         The request calls for legal revisions and the introduction of separate taxation on crypto asset transactions.

·         Targeted taxes include income tax, inheritance tax, registration and license tax, corporate tax, and consumption tax.

·         The purpose is to align crypto assets with other financial products subject to separate taxation, making it easier for investors to diversify and build stable assets.

·         The FSA also notes the need to consider tax measures for the introduction of crypto asset ETFs, taking into account international developments.